Source: http://www.lowenstein.com/people/attorneys/steven-hecht
Timestamp: 2019-04-24 22:23:08+00:00

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After bringing and defending securities and fiduciary duty claims for 25 years, Steve believes that the greatest value proposition is to partner with his clients in pursuing accretive litigation strategies. As the co-creator of the firm's Appraisal Rights Litigation blog, the only online forum devoted to educating investors about how appraisal litigation can enhance their returns in M&A deals, Steve has become widely known for his insights on this underutilized but highly effective shareholder tool.
As a securities and complex commercial litigator focusing on corporate governance and shareholder rights, Steve also helps his investment fund clients with their contract and other business disputes.
Steve represents a broad range of clients, including investment funds and their portfolio companies, mortgage lenders and servicers, and public and privately held companies across different industry sectors. He relentlessly pursues the best course for each case while always striving to find the earliest possible exit from a litigation environment.
Steve's work also involves representing clients before the SEC and FINRA, and he regularly appears in New York, New Jersey, and Delaware courts. He is a member of FINRA's Board of Arbitrators.
Represented shareholders in appraisal rights and other minority rights cases.
Defended client's constitutional right to a jury before Maryland's highest court. Watch the argument here.
Represented securities issuers against Rule 10b-5 claims in securities class actions.
Represented and negotiated, as corporate counsel, a settlement for a complex derivative action alleging related-party transactions and then challenged and substantially reduced the plaintiff's attorneys' fees, as reported at In re Emerson Radio Shareholder Derivative Action, 2011 WL 1135006 (Del. Ch. 2011).
Represented a private foreign satellite manufacturer in a business dispute, as reported at NML Capital, Ltd. v. The Republic of Argentina, 2011 WL 1533072, (S.D.N.Y. Aug. 30, 2011), vacated as moot on other grounds, 2012 WL 4123151 (2d Cir. 2012).
Represented a secondary mortgage purchaser against claims of predatory lending and discrimination, as reported at Grimes v. Fremont General Corp. et al., 785 F. Supp.2d 269 (S.D.N.Y. 2011).
Defended a national mortgage servicing company against a purported class action claiming allegedly improper and unauthorized fees in connection with the mortgage foreclosure process, as reported at Perkins v. WaMu et al., 655 F. Supp.2d 463 (D.N.J. 2009).
Defended a mortgage lender against a claim for predatory lending, fraud, and violation of the Truth in Lending Act and RESPA, as reported at Sutherland v. REMAX 2000, Ask Realty Inc. & Wells Fargo Bank, 872 N.Y.S. 2d 693 (N.Y. Sup Ct. 2008).
Represented an online communications company in an action concerning the timely exercise of a contractual option to renew a license under a source code agreement, as reported at FaceTime Communications, Inc. v. Reuters Limited, 2008 WL 2853389 (S.D.N.Y. July 22, 2008).
Represented a former controlling stockholder in defense of the sale of a majority block of stock to competitors, resulting in a landmark decision of the Delaware Chancery Court, reported at Abraham v. Emerson Radio Corp., 901 A.2d 751 (Del. Ch. 2006).

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