Lawrence M. Rolnick Partner and Chair, Securities Litigation Group

New Jersey
T 973.597.2468 | F 973.597.2469



Larry has over 30 years of experience in complex commercial litigation, with a particular emphasis on securities litigation. His primary focus is the recovery of losses, on behalf of hedge funds and investment managers, arising from securities fraud. He also represents public companies and their directors and officers in defense of alleged breach of fiduciary duty claims, SEC investigations, civil enforcement proceedings, and securities claims.

Larry has been instrumental in recovering hundreds of millions of dollars for professional investors who have suffered losses arising from securities fraud. Additionally, he has led large appraisal rights litigation matters on behalf of professional investors and event-driven funds. Larry also represents lenders who purchase bond or syndicated loans and suffer losses from indenture violations or fraud.

A seasoned litigator, Larry is frequently seen on network television as a commentator on securities litigation issues. He is also a contributing author to the firm’s Appraisal Rights Litigation Blog.

Representative Engagements

Represented Appaloosa Management, Franklin Mutual Advisers, and W.R. Huff Asset Management Co. and recovered hundreds of millions of dollars of claims arising out of the Adelphia securities scandal.
Represented Franklin Templeton Investments in a direct action against American International Group, Inc. for securities fraud related to allegations that AIG inflated its earnings and paid illegal commissions in a bid-rigging scheme. In April 2015, Franklin won an appeal before the Second Circuit Court of Appeals, and the panel reversed a dismissal by the District Court and remanded for further proceedings. In August 2015, the matter was settled.
Representing Appaloosa in claims arising out of the structured finance underlying the $5 billion sale of Stuyvesant Town in New York City.
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Other Distinctions

  • Chambers USA: America’s Leading Lawyers for Business (2003-2017)

  • The Best Lawyers in America (2011-2018) – Business Litigation

  • Super Lawyers (2005-2017) – Securities Litigation

Publications

Lowenstein Sandler Leads Academic Alliance in Highly Watched Delaware Supreme Court Appraisal Case
Securities Litigation Client Alert, March 27, 2017
Lawrence Rolnick, Steven Hecht
Supreme Court to Hear Critical Issue of Time Limits on Investor Rights
Securities Litigation Client Alert, January 31, 2017
Lawrence Rolnick, Michael Hampson, Richard Bodnar
High Court Opens Courthouse Doors to New York Investors Harmed by False Statements Couched as Opinions in Registration Statements
Securities Litigation Alert, March 25, 2015
Lawrence Rolnick, Michael Hampson
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Press Mentions

Lowenstein Sandler is highlighted in Law360 for being appointed lead counsel in the appraisal proceedings of Stillwater Mining Co. , Law360 , August 14, 2017
Lawrence Rolnick comments in Law360 about the proactive approach taken by Appaloosa to correct a questionable agreement that could have resulted in two bankrupt companies. , Law360 , December 19, 2016
In USA TodayLawrence Rolnick comments on T. Rowe Price’s pursuit of appraisal rights in a deal to take Dell Computers private. , USA Today , May 3, 2015
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Related Areas

Class Action Litigation
Global Capital Markets Litigation
Investment Management
Litigation
Securities Litigation

Education


Rutgers Law School ( J.D. , 1984 ) , cum laude, Officer, Rutgers Law Review
Rutgers, The State University of New Jersey ( B.A. , 1981 ) , with high honors, Henry Rutgers Scholar

Bar Admissions


New York
New Jersey

Court Admissions


1991 , U.S. District Court, Southern District of New York
1991 , U.S. District Court, Eastern District of New York
1991 , U.S. District Court, Western District of New York
1992 , U.S. District Court, District of New Jersey
1999 , U.S. Court of Appeals, Second Circuit
1999 , U.S. Court of Appeals, First Circuit
2000 , U.S. Court of Appeals, Third Circuit
2001 , U.S. Court of Appeals, Fifth Circuit

Affiliations


  • New York and New Jersey State Bar Association
  • American Bar Association
    • Litigation Section