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Rachel A. Avan is Of Counsel in the New York office of Labaton Sucharow LLP. With more than a decade of experience in securities litigation, she focuses on advising institutional investors regarding fraud-related losses on securities and the investigation and development of U.S. and non-U.S. securities fraud class, group, and individual actions.
Rachel has been consistently recognized as a New York Metro "Rising Star" in securities litigation by Super Lawyers, a Thomson Reuters publication.
Rachel has extensive experience prosecuting complex securities fraud cases on behalf of institutional investors. 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." The 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 also 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.
This extensive experience has aided Rachel in her work with 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.
Rachel brings valuable insight into corporate matters, having previously 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.
Rachel earned her Juris Doctor from Benjamin N. Cardozo School of Law. She received her master’s degree in English and American Literature from Boston University and her bachelor’s degree, cum laude, in Philosophy and English from Brandeis University.
Rachel is proficient in Hebrew.
2007, New York
U.S. District Court
2008, Southern District of New York