Because it was being asked to sue on behalf of financial institutions over investments gone bad, Lowenstein Sandler has created a capital markets litigation group. The practice handles multimillion-dollar and billion-dollar suits over complex investments by financial institutions such as hedge funds, banks and real estate investment trusts. "Our business is countercyclical," says co-chair Zachary Rosenbaum. "While everyone is complaining about the stock market, as a litigator I've never been busier."
August 06, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In early 2007, Lowenstein Sandler began noticing it was being asked more and more to sue on behalf of financial institutions over investments gone bad. The workload kept increasing as the subprime mortgage crisis and other financial problems deepened.
This spring, that growing practice led the Roseland, N.J., firm to create a new subdepartment: the capital markets litigation group.
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