Innovative Firm is Focused Exclusively on Serving Leading Investment Managers
Adopts Novel Approach to Partnering with Clients to Achieve Optimal Outcomes
NEW YORK—August 24, 2020—Lawrence Rolnick, Marc Kramer and Sheila Sadighi today announced the launch of Rolnick Kramer Sadighi LLP (“RKS”), a premier securities litigation boutique dedicated to serving the investment management industry, including hedge funds, mutual funds, private equity, credit, real estate and structured finance firms. The RKS team consists of three Founding Partners and almost the entire group of seasoned attorneys and paralegals that formerly comprised the securities litigation group at Lowenstein Sandler LLP.
Based in New York with a satellite office in New Jersey, RKS’s Founding Partners have each spent their careers maximizing returns for their clients and over the last decade have recovered over one billion dollars for investment managers and professional investors. Their deep, unparalleled expertise in high-stakes litigation uniquely positions RKS to provide world-class counsel to clients on a range of complex issues, including securities fraud, class action opt-outs, appraisal rights, credit issues, debtholder rights and structured finance.
Representative clients include Appaloosa Management, Balyasny Asset Management, Janus Capital Group, Nuveen a TIAA Company, SunAmerica Asset Management, Fred Alger and Co., Inc., Chatham Asset Management, Discovery Capital Management, AQR Capital Management, Magnetar Funds, and Cohen & Steers in addition to other prominent investment managers.
RKS offers a unique operating and billing approach that ensures unmatched alignment with its clients. Like the clients they serve, their compensation is driven by the returns they achieve.
Mr. Rolnick, Founding Partner, said: “For far too long, clients have been forced to suffer through an outdated and misaligned incentive structure that favored law firms generating large bills unconnected to the results of their litigation. 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, RKS is poised to drive results for clients. Importantly, we have an unparalleled, proven track record of results. We understand our clients’ needs and what is required to win.”
Mr. Kramer, Founding Partner, said: “Having worked alongside Larry and Sheila for an aggregate of more than 30 years, we established RKS to show that there is a better way to operate a boutique law firm. We are proud of the fact that our clients have come to value our team for maximizing recoveries and returns while minimizing the aggravations associated with complex litigation. Our tailored approach ensures that the strategies we pursue are consistent with each client’s vision for success.”
Ms. Sadighi, Founding Partner, said: “Our clients expect subject matter experts who deliver precise execution, and that is what RKS brings. We thrive on working closely with firms in competitive and complicated markets to understand their outlook and positions and to develop creative ways to achieve their legal objectives. This true partnership approach and the continuity of the RKS team position us to add and create unique value for our clients in the years to come.”
Other former Lowenstein attorneys joining RKS include Steven Hecht, Michael Hampson, Richard Bodnar, Brandon Fierro, Nicole Castiglione, Jennifer Randolph and Jarett Sena.
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