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Lowenstein Sandler LLP

Richard A. Bodnar

Richard A. Bodnar

Senior Counsel

Expertise

  • Litigation
  • Securities Litigation
  • Global Capital Markets Litigation
  • Capital Markets Litigation

WSG Practice Industries

Activity

Lowenstein Sandler LLP
New York, U.S.A.

Profile

Rich is an experienced securities litigator focusing on investor rights and the use of the legal process to recover and protect investors’ capital. He has successfully represented many different investment funds, including hedge funds, private equity funds, pension funds, and individuals, in securities fraud cases against corporations, auditors, underwriters, directors, and officers. Rich’s clients appreciate his dedication to securities litigation, which is driven by the basic premise that investors’ rights are critical to the functioning and purpose of the capital markets.

Rich is often involved in the quantitative methods side of securities litigation, especially damages computation and working with experts in economics and other fields to lay out a client’s case. He has an extensive knowledge of the law in this area and reviews each client’s claims, trading pattern, and situation for every possible chance to maximize a recovery. In addition, he is well-versed in the nuances and complexities of both the kinds of claims available to investors and analysis of the best forum for investors’ claims. Rich is known for always bringing creative strategies and tactics to the prosecution and monetization of clients’ valuable claims. 

Rich frequently shares his legal insights as a regular contributor to Lowenstein Sandler’s Appraisal Rights Litigation blog, which covers minority investors’ rights. In addition to securities work, Rich advises the Big Brothers Big Sisters organization in New Jersey on a pro bono basis.

Bar Admissions

    New York
    New Jersey
    Texas

Education

Harvard Law School (J.D. 2011), cum laude
Syracuse University (B.A. 2008), summa cum laude
Areas of Practice

Capital Markets Litigation | Global Capital Markets Litigation | Litigation | Securities Litigation

Professional Career

Significant Accomplishments

Represented multiple investment funds, including Jet Capital, Cohen & Steers, and Lakewood Capital, in a securities fraud case against VEREIT (f/k/a ARCP) in a case involving allegations of intentional accounting fraud by top company executives. All matters were confidentially settled.

Represented entities related to Fred Alger Management and Valinor Capital Management in direct actions against LendingClub Corporation related to allegations regarding fraud by its former CEO and other executives. The matter was confidentially settled.

Represented Discovery Capital Management as plaintiff in a securities fraud case against a leading South American oil company. The matter was confidentially settled.

Represented investment funds in a state court action bringing federal strict liability claims for violations of securities laws. The matter was confidentially settled.

Counseled a major institutional investor regarding securities fraud claims against a Fortune 25 company, successfully settling the matter without filing a complaint.

Counseled a set of major institutional investors with respect to their securities fraud claims against a major internet technology company, successfully settling the matter without filing a complaint.

Representing investors such as Brahman Capital, Incline Global, Janus, and Grantham Mayo in a securities fraud action against Valeant International (n/k/a Bausch Health).

Representing investors such as Fred Alger Management and Pennant Capital in an action against Signet Jewelers for multifaceted fraud. 

Won $475 million arbitration award on behalf of Chinese insurer in international arbitration venued in Hong Kong relating to $5 billion cross-border M&A transaction.

Successfully defended corporation against ERISA claim, defeating the claims via a motion to dismiss. Sundt v. Telcordia Techs., Inc., No. 12-CV-257 DMC MF, 2012 WL 5522899 (D.N.J. Nov. 14, 2012); Sundt v. Telcordia Techs., Inc., No. 12-CV-0257 DMC MF, 2013 WL 4588653 (D.N.J. Aug. 28, 2013).

Successfully defended Rutgers University against Section 1983 claims, defeating the claims via a motion to dismiss.


Articles

A Tezos Settlement and a Telegram Injunction: Securities Laws Protections Extend to Digital Asset Investors
Lowenstein Sandler LLP, April 2020

Digital assets sit on the cutting edge of investable products, but two recent events can give investors comfort that the US securities laws will still protect them even in these sometimes uncharted waters. First, a securities class action against the Tezos Foundation alleging that the Tezos initial coin offering (ICO) violated the US securities laws as an unregistered offering recently settled for $25 million...

JDSupra: Canadian Appellate Court Finds Merger Price as Fair Value in Appraisal Case
Lowenstein Sandler LLP, March 2020

Per JDSupra, the Yukon Court of Appeal overturned a decision applying a discounted cash flow analysis to a Canadian appraisal proceeding, holding that the trial court failed to give proper consideration of merger price...

Global Investment Manager & Insurance Company: Vote FOR Appraisal
Lowenstein Sandler LLP, March 2020

The Principal Funds, a provider of a suite of investment products including ETFs and mutual funds, recommends voting for appraisal rights in its proxy guidelines...

Additional Articles

Recent activity at the Supreme Court—with two major cases decided in the past year—has clarified the landscape of when individual claims are equitably tolled by the filing of a class action.


At the outset, it is critical to distinguish between two related but legally distinct concepts: a statute of limitations and a statute of repose. A statute of limitations is a requirement that a claim be brought within a certain time period after the cause of action accrues. In the case of the federal securities laws, statutes of limitations usually begin to run upon discovery of facts that alert the putative plaintiff to the existence of a claim, which often equates to discovery of the injury. A statute of repose, on the other hand, is a legislative extinguishment of claims made after a certain period of time. In the federal securities laws, the running of the statute of repose generally is triggered by the making of the statement or the purchase of the security.


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