Rimma Ayzen’s practice focuses on commercial litigation. She has worked on matters for clients in complex securities litigation arising out of the global financial crisis, including participating in the defense of MBIA, the world’s largest bond insurer, in federal and state court actions brought by leading financial institutions challenging MBIA’s $5 billion restructuring of its structured finance and municipal bond insurance businesses.
Rimma recently completed a secondment in Europe advising a foreign bank in connection with collateralized debt obligations and related claims.
Rimma devotes time to various pro bono matters. She has assisted in preparing Holocaust restitution claims, and has represented clients seeking asylum, including recently obtaining asylum for an individual from Togo.
Rimma was born in Ukraine and is fluent in Russian.
- Harbinger Capital Partners, a prominent hedge fund and majority shareholder of LightSquared, in connection with litigations against LightSquared’s largest creditor in Chapter 11 bankruptcy proceedings. In one of these adversary proceedings, the bankruptcy court held – after a trial on the merits – that the creditor breached the implied covenant of good faith and fair dealing and the creditor’s misconduct warranted equitable subordination of its interest.
- Loreley Financing in analyzing and bringing claims against major investment banks and other financial institutions concerning billions of dollars of collateralized debt obligations and other structured finance products.