Andrei Rado focuses his practice on securities litigation, consumer class actions, and SEC whistleblower matters. Since the passage of the Dodd-Frank Act in 2010, Mr. Rado has represented numerous whistleblowers before the commission under a program that rewards and protects whistleblowers that report violations of securities laws to the Securities and Exchange Commission. These involved a variety of complaints, including allegations of bribing foreign officials to gain business, accounting fraud, and consumer fraud, against a variety of companies diverse in size and business.
Mr. Rado is an arbitrator for the Financial Industry Regulatory Authority (FINRA), an independent, not-for-profit organization authorized by Congress to protect America’s investors by making sure the securities industry operates fairly and honestly. FINRA arbitrators decide disputes between customers and their brokers, including claims of unsuitability of investments, account churning, excessive fees, and fraud.
Mr. Rado’s securities practice has included numerous complex litigations nationwide, including In re Initial Public Offering Securities Litigation, which alleged, in hundreds of consolidated cases then pending in the Southern District of New York, that investment banks manipulated the initial public offerings of hundreds of companies, and mutual fund timing cases which alleged that mutual fund managers allowed select investors to profit by improperly timing their trading in fund shares.
Mr. Rado also investigates, launches, and litigates consumer class actions. These cases are as diverse as consumer fraud itself. Early in his career, Mr. Rado litigated a case against jewelry company Zales for improperly denying credit-insurance claims made by unemployed and retired consumers, as well as a class action against computer maker Gateway for improperly understating in advertising the costs of internet access to consumers, some of whom incurred internet-access fees of hundreds of dollars. More recently, Mr. Rado has launched and litigated consumer cases against companies that misled consumers by inflating the technical specifications of their products, and “all natural” food cases, including the first case alleging that products made from genetically modified organisms (GMOs) should not be advertised as natural.
Prior to joining Milberg, Mr. Rado worked as an attorney at a New York City-based investment bank focusing on compliance, with rules and regulations relating to re-sales of control and restricted securities under the Securities Act of 1933. Mr. Rado also worked at another prominent New York City law firm specializing in plaintiffs’ securities class action litigation. While in law school, Mr. Rado served as a senior member of the New York International Law Review.
Mr. Rado is admitted to practice in the courts of the State of New York, as well as the United States District Court for the Southern District of New York. Mr. Rado was born in Bucharest, Romania, and lived in Israel for several years before immigrating to New York in the early ’80s.
- J.D., St John's University School of Law, 1999
- B.A., State University of New York at Buffalo, 1996
- 2000, New York
- Financial Industry Regulatory Authority, Arbitrator