New securities litigation firm spins out of Lowenstein Sandler
Three senior partners formerly of Lowenstein Sandler have struck out on their own with almost the entire group of attorneys and paralegals that formerly made up the securities litigation group at the storied New York law firm.
Lawrence Rolnick, Marc Kramer and Sheila Sadighi launched Rolnick, Kramer Sadighi LLP, a securities litigation boutique set up to serve asset managers including hedge funds, private equity, credit, real estate and structured finance firms.
Representative clients of the team include prominent hedge funds Appaloosa Management, Balyasny Asset Management, Chatham Asset Management, AQR Capital Management and Magnetar Funds.
Their expertise in high-stakes litigation positions the new firm as a world-class counsel to clients on a variety of complex issues, including securities fraud, class action opt-outs, appraisal rights, credit issues, debtholder rights and structured finance. The team’s approach is the culmination of having spent the last decade recovering over $1 billion for investment managers and professional investors.
“For far too long, clients have been forced to suffer through an outdated and misaligned incentive structure that favored law firms generating large bills unconnected to the results of their litigation,” said Rolnick, founding partner and former chair of the securities litigation practice at Lowenstein Sandler. “Our success is dependent on how well we do. By combining big firm litigation expertise with the bespoke, sophisticated and effective solutions that our world-class litigators provide.”
Other former Lowenstein attorneys joining RKS include Steven Hecht, Michael Hampson, Richard Bodnar, Brandon Fierro, Nicole Castiglione, Jennifer Randloph and Jarett Sena.
