Each month, Touro Law Center’s Alumni and Development Office recognizes one outstanding
alum for his or her contribution to the legal field, service to the law school,
or other outstanding achievement. If you would like to nominate a fellow alum, please
contact the Director of Alumni Relations at 631.761.7063 or via e-mail.
Lawrence Steckman is a partner at the 180 year old law firm
of Eaton & Van Winkle LLP. He has
been litigating securities cases and business disputes for twenty five years,
having started his career at Shea & Gould, in New York City. Last year, Mr. Steckman was renamed one of
New York’s “Super Lawyers” by Super Lawyers Magazine, after being identified as
such in July, 2006 in the magazine’s premiere New York edition in the areas of
securities and business litigation. In
2013, the attorney rating service, AVVO, awarded him a rating of “superb,” its
highest achievement level. Mr. Steckman
has handled billions of dollars in client matters, has overseen the dismissal
of billions in securities and RICO claims against his clients and has been
counsel in leading securities and derivatives cases, RICO litigations and
securities arbitration disputes. He is
the author or lead co-author of more than forty published works on the law.
In 2005, Mr. Steckman
defended Germany’s former industrial ambassador to the Middle East and Africa
and a former Chairman and CEO of one of Europe’s largest energy and engineering
companies, dismissing $60 million in civil RICO claims, on the pleading. In
2006, he defended a bank officer accused of structuring swaps and derivatives
to facilitate alleged market timed and late traded securities transactions in
violation of Rule 10b-5 in two MDL market-manipulation based class suits
claiming $600 million aggregate damages – he obtained dismissal with prejudice
of all claims.
Mr. Steckman’s practice areas include securities and
derivatives private and class suits, complex federal and state commercial
litigation, prosecuting and defending civil RICO private and class suits,
merger and acquisition litigation, bond, arbitrage and fraud litigation, and
corporate, contract, and international
commercial arbitration. He also handles
broker-dealer and broker-customer securities arbitration and securities
regulatory matters and high profile professional liability litigation. He has represented mutual, hedge and private
equity funds, insurers, accounting and audit firms, real estate and mortgage
companies, a rating company, officers of domestic and foreign companies,
investment bankers, brokers, law firms and entrepreneurs.
Last year, Mr. Steckman succeeded in having dismissed more
than $100 million in claimed damages in three class suits against auditors for
Chinese reverse merger companies pending before Federal Judges, Kaplan, Rakoff
and Daniels, in New York’s Southern District.
He succeeded, also last year, in dismissing a private fraud action
seeking more than $15 million damages, in Utah District court, on a rule 12
motion. He has successfully handled
cases involving alternative investment and structured products ranging from
synthetic derivatives, in federal court, to municipal arbitrage products
involving mean reverting strategies, in FINRA arbitrations and, historically, a
wide variety of matters including a
takeover litigation involving a closed end mutual fund, a merger and acquisition litigation on behalf
of a Canadian hedge fund against two French aero-space companies for roughly
$100 million and defending several Egyptian companies and a member of the
Egyptian parliament against one of the world’s largest banks and the Arab
Banking Corporation, in a case seeking more than $200 million. Last year, he published, with two expert
witness co-authors, on antitrust class certification motion practice focusing
on causal modeling strategies needed to survive dismissal The article, published in the PSLRA Reporter,
is being reprinted in expanded form by Touro Law Review.
Mr. Steckman has published book chapters and articles on
federal procedure, attorney client privilege, constitutional law, securities
fraud pleading, loss causation, insider trading and risk arbitrage, securities
arbitration, and damage computation. He
has published extensively on the RICO statute, including articles on RICO
predicate acts, enterprise theory, RICO standing, direct injury, claim accrual
and statute of limitations, RICO causation and the PSLRA RICO Amendment. He has published, as well, on public policy
matters ranging from international terrorism and impeachment to application of
the Sixth Amendment right to counsel.
Last year, he also published in the area of therapeutic psychology.
Mr. Steckman has delivered lectures on topics including:
Complexity and Securities Fraud Litigation, Securities Class Litigation (New
York University), RICO Class Suits After SLUSA (Touro Law School), and Recent Developments in Civil RICO
Jurisprudence (American Bar Association). He has been a member of the Board of
Advisors of Private Securities Litigation Reform Act of 1995 Reporter since
Born in New York City, Mr. Steckman graduated from Long
Island University, summa cum laude, with dual degrees in classical music
performance (classic guitar) and philosophy, and pursued doctoral studies in
philosophy at Columbia University, where he received his Masters degree, prior
to deciding to pursue a career in law and attending Touro law school. He and
his wife Lodze Steckman, a cardio-thoracic surgeon and international specialist
in disaster management, live in Locust Valley.
A full list of Mr. Steckman’s litigation accomplishments and
published works can be found here.