address: 140 Broadway
New York, NY 10005
Rachel A. Avan prosecutes complex securities fraud cases on behalf of institutional investors. She focuses on advising institutional investor clients regarding fraud-related losses on securities, and on the investigation and development of U.S. and non-U.S. securities fraud class, group, and individual actions. Rachel manages the Firm’s Non-U.S. Securities Litigation Practice, which is dedicated to analyzing the merits, risks, and benefits of potential claims outside the United States. She has played a key role in ensuring that the Firm’s clients receive substantial recoveries through non-U.S. securities litigation.
In evaluating new and potential matters, Rachel draws on her extensive experience as a securities litigator. She was an active member of the team prosecuting the securities fraud class action against Satyam Computer Services, Inc., in In re Satyam Computer Services Ltd. Securities Litigation, dubbed "India's Enron." That case achieved a $150.5 million settlement for investors from the company and its auditors. She also had an instrumental part in the pleadings in a number of class actions including, In re Barrick Gold Securities Litigation ($140 million settlement); Freedman v. Nu Skin Enterprises, Inc. ($47 million recovery); and Iron Workers District Council of New England Pension Fund v. NII Holdings, Inc. ($41.5 million recovery).
Rachel has spearheaded the filing of more than 75 motions for lead plaintiff appointment in U.S. securities class actions including, In re Facebook, Inc. IPO Securities & Derivative Litigation; In re Computer Sciences Corporation Securities Litigation; In re Petrobras Securities Litigation; In re Spectrum Pharmaceuticals, Inc. Securities Litigation; Weston v. RCS Capital Corporation; and Cummins v. Virtus Investment Partners Inc.
In addition to her securities class action litigation experience, Rachel also played a role in prosecuting several of the Firm’s derivative matters, including In re Barnes & Noble Stockholder Derivative Litigation; In re Coca-Cola Enterprises Inc. Shareholders Litigation; and In re The Student Loan Corporation Litigation.
Rachel brings to the Firm valuable insight into corporate matters, having served as an associate at a corporate law firm, where she counseled domestic and international public companies regarding compliance with federal and state securities laws. Her analysis of corporate securities filings is also informed by her previous work assisting with the preparation of responses to inquiries by the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority.
Before attending Benjamin N. Cardozo School of Law, Rachel enjoyed a career in editing for a Boston-based publishing company. She also earned a Master of Arts in English and American Literature from Boston University.
Since 2015, Rachel has been recognized as a New York Metro "Rising Star" in securities litigation by Super Lawyers, a Thomson Reuters publication.
Rachel is proficient in Hebrew.
Benjamin N. Cardozo School of Law, Yeshiva University
M.A., English, 2002
B.A., cum laude, 2000
2007, New York
U.S. District Court
2008, Southern District of New York