Rachel represents businesses and individuals in a wide range of complex commercial litigation matters at both the state and federal level. She has extensive experience representing market participants in litigation involving a variety of areas, including securities fraud actions, internal investigations, breach of contract claims, and other business disputes.
Rachel is a key member of the firm’s Capital Markets Litigation team. She has developed a strong background in securities and structured finance litigation affecting buy-side entities, and she proposes practical solutions to legal problems faced by U.S.-based and global companies, hedge funds, institutional investors, and private equity funds.
She devotes her energy to gaining a detailed knowledge of her clients’ business situations and is tirelessly dedicated to client service, which results in the ability to effectively meet her clients’ constantly evolving legal needs. A frequent contributor to the firm's Capital Markets Litigation blog, Rachel is also involved in writing on various topics of interest to the financial community.
Passionate about and personally committed to the firm’s pro bono program, Rachel maintains an active pro bono practice. She has represented victims of domestic violence through Partners for Women and Justice and the Rachel Coalition, and she has served clients from Honduras in immigration proceedings by helping them seek asylum in the United States.
Capital Markets Litigation | Litigation
U.S. Southern District Judge Deborah A. Batts shut down underwriter defendants’ attempt to avoid proceeding with discovery in a $7.7 billion mortgage-backed securities fraud action, by arguing that an automatic bankruptcy stay applied to the underwriter defendants in addition to the debtor defendants.
The current discovery dispute arises from a proposed class action lawsuit against the now bankrupt NovaStar Mortgage Inc. (“NMI”) and NovaStar Mortgage Funding Corporation (“NMFC”) and the investment banks that underwrote $7.7 billion of NovaStar mortgage-backed securities issued in 2006. The underwriter defendants include RBS Securities Inc., Deutsche Bank Securities Inc., and Wells Fargo Securities LLC. The class action alleges that the offering documents failed to disclose that NovaStar had abandoned its underwriting standards in the wake of the 2009 housing crisis, which caused significant losses for investors.
© Lowenstein Sandler LLP, 2016