Steven M. Hecht Partner

New YorkNew Jersey
T New York: 646.414.6902 New Jersey: 973.597.2380 | F 973.597.2381



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.

Representative Engagements

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.
Defended a corporate client in stock option backdating claims and defended investors in claims for disgorgement of insider short-swing profits under Section 16(b).
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Other Distinctions

  • Super Lawyers (2010–2016) – Selected by his peers for his securities litigation, corporate governance and compliance, and business litigation practices (previously selected as a Rising Star).

  • New Jersey Law Journal (2006) – Named one of New Jersey's "40 Under 40" for his career achievements and potential to be “among the leaders of the New Jersey bar.”

Publications

Lowenstein Sandler Leads Academic Alliance in Highly Watched Delaware Supreme Court Appraisal Case
Securities Litigation Client Alert, March 27, 2017
Lawrence Rolnick, Steven Hecht
Unused Gift Cards: A Ticking Time Bomb?
Apparel Magazine, May 19, 2015
Steven Hecht, Richard Bodnar
Third Circuit Reminds Lawyers That Honest Mistakes Are No Excuse
New Jersey Law Journal, February 6, 2014
Steven Hecht, Richard Bodnar
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Press Mentions

Lowenstein Sandler is highlighted in Law360 for being appointed lead counsel in the appraisal proceedings of Stillwater Mining Co. , Law360 , August 14, 2017
Steven Hecht comments in Law360 regarding the impact the Delaware Supreme Court’s impending ruling in the DFC Global case will have on appraisal actions. , Law360 , June 5, 2017
In The RecorderLawrence Rolnick and Steven Hecht discuss the securities suit brought by investment funds that opted-out of a class action against Ecotality Inc. Although the court dismissed all of the class action claims, it upheld the claims brought by Lowenstein on behalf of the funds. The suit demands the return of the investors’ $8 million investment after Ecotality executives allegedly hid problems with a government contract that constituted over 95% of its revenues. , The Recorder , April 3, 2015
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Related Areas

Business Litigation
Class Action Litigation
Global Capital Markets Litigation
Investment Management
Litigation
Mortgage Banking and Finance
Securities Litigation

Education


Harvard Law School ( J.D. , 1992 ) , cum laude
Haverford College ( B.A. , 1989 ) , Phi Beta Kappa

Bar Admissions


New York
New Jersey

Court Admissions


1992 , U.S. District Court, District of New Jersey
1993 , U.S. District Court, Southern District of New York
1993 , U.S. District Court, Eastern District of New York
2000 , U.S. Court of Appeals, Second Circuit
2006 , U.S. Court of Appeals, Third Circuit
2009 , U.S. Supreme Court

Affiliations


  • FINRA (formerly NASD and NYSE Regulation)
    • Member, Board of Arbitrators
  • Society of Corporate Secretaries & Governance Professionals
  • Association of the Federal Bar of New Jersey
  • Hosted several of IQPC's panel discussions on Securities Litigation Trends and Hot Topics presented by the Chief Judge of US District Court for District of New Jersey and two other District Judges