Rick Massumi concentrates on corporate transactional matters, business disputes and commercial litigation. He counsels clients on an array of sophisticated business litigation matters, including fraud, securities, civil Racketeer Influenced and Corrupt Organizations (RICO), lender liability, accountant liability and trade practices. Rick has defended both corporations and individuals in agency enforcement actions and white-collar criminal prosecutions-actions that included criminal RICO, stock manipulation, insider trading, false statements, false claims, mail fraud and forfeiture. A member of Sutherland's Corporate Practice Group, Rick has also served the insurance industry, both as defense counsel and as supervisory counsel in coverage disputes, class actions, reinsurance and reinsurance disputes and insurance company insolvency.
After several years in private practice, Rick joined the U.S. Securities and Exchange Commission (SEC) in 1984 as an attorney-adviser to two divisions: the General Counsel's Office and the Division of Enforcement. Familiar with administrative procedures, rulemaking, policy and enforcement, Rick represented the agency in rules challenges and appellate litigation, prosecuted administrative disciplinary proceedings against accountants, conducted civil enforcement litigation against broker-dealers and corporate executives, and regularly participated in agency investigations. He returned to private practice in 1988 focusing on complex civil, criminal and appellate litigation.
Sutherland advises The Hartford in strategic sale of its life insurance business.
Sutherland advises major financial services company in sale of its retail broker-dealer operations.
Sutherland advises a large insurance company on employee benefits and executive compensation aspects of the purchase of its individual life business.
Awards and Rankings
Named to the 2012 Capital Pro Bono Honor Roll