Lowenstein Securities Lawyer Group Exits to Launch New Firm

The chair of Lowenstein Sandler’s securities litigation practice and nine of his colleagues are leaving to form a separate firm, according to representatives for Lowenstein and two sources close to the new firm.

Lawrence Rolnick and a number of colleagues are leaving the firm in what is being called a friendly split. They include securities litigators Marc Kramer and Sheila Sadighi, who are jumping to the new firm, the sources said. Thomas Redburn has been named the new chair of Lowenstein’s practice, according to the firm.

“We have practiced together with Larry for close to 30 years and all look ...