Rachel S. Fleishman
Rachel S. Fleishman is a partner at Reid Collins & Tsai, resident in the Firm’s New York Office. Rachel has broad experience litigating complex commercial disputes in federal and state courts, including representing investment funds, real estate developers, litigation trusts, and other fiduciaries in pursuing negligence, fraud, and breach of contract claims against law firms, banks, accounting firms, and former officers and directors.
Prior to joining the firm, she was a partner at Milberg Weiss, where she litigated securities fraud class actions and high-profile cases, including a case against a major accounting firm related to the sale and marketing of abusive tax shelters that resulted in a settlement valued at over $200 million.
Rachel has been recognized as a premier litigator by noted long-form periodical Lawdragon, which has named her to both its “500 Leading Litigators in America” and “500 Leading Plaintiff Lawyers in America” lists. In New York, she consistently earns top-tier recognition, including selection by Legal 500 for its New York City Elite rankings and annual inclusion as a Thomson Reuters Super Lawyer in Business Litigation (Metro New York).
Rachel is a member of the New York City Bar Association and a former member of its Committee on Professional Ethics.
Notable Representations:
- Representing the Chapter 7 Trustee of the Agape estate in fraudulent transfer litigation against six futures commission merchants resulting in settlements totaling more than $20 million.
- Representing the SEC Receiver appointed to recover assets in connection with the second-largest Ponzi scheme in Minnesota history in a $47.5 million fraudulent transfer claim against a futures commission merchant.
- Representing the new management of a so-called “Chinese reverse merger company” that ceased operations in 2012 after fraud and theft by prior management were discovered. The case resulted in a confidential settlement.
- Extensive experience representing clients in legal malpractice and related claims against AmLaw law firms. Each of the following cases was settled pre-suit on confidential terms: Eight-figure settlement on behalf of lender against an AmLaw 50 law firm arising from the firm’s conflicted representation of the lender and a prior lender to the same borrower. | Eight-figure settlement on behalf of a lender against an AmLaw 25 law firm that represented the borrower and rendered an opinion letter to the lender containing allegedly false or negligent representations. | Seven-figure settlement on behalf of a developer against an AmLaw 25 law firm that allegedly failed to advise the developer about restrictive covenants in the deed for certain real property. | Seven-figure settlement on behalf of a group of lenders against a borrower’s law firm for allegedly aiding and abetting the borrower’s fraudulent schemes.
- Representing a group of senior secured lenders in a variety of litigation against accounting firms, trading counterparties, and the former offices and directors of a commodities company, resulting in judgments of more than $350 million and settlements in excess of $40 million.
- Representing the Special Committee of a Board of Directors investigating the merits of derivative claims alleging the company had paid an inflated sum to purchase resort hotels in an interested director transaction.
- Defending a family of hedge funds in litigation brought by the funds’ former head trader. Rachel obtained summary dismissal of most of the claims in the action and settled the remaining claims on favorable terms for her client.