Lawrence Steckman, Partner
☎ CONTACT
E: lsteckman@hechtpartners.com
T: (212) 851-6821
PRACTICE AREAS
Securities Litigation • Civil RICO • Complex Commercial Litigation • Securities & Derivatives • Class Actions • Professional Liability • Securities Arbitration • Regulatory Matters • Corporate & Contract Disputes
Lawrence Steckman is a Partner at Hecht Partners LLP with nearly four decades of experience litigating complex securities and commercial disputes. His practice focuses on securities and derivatives litigation, civil RICO matters, complex commercial disputes, professional liability defense, securities arbitration and regulatory matters.
Throughout his career, Lawrence has represented clients in high-stakes disputes involving billions of dollars in claimed damages. His clients have included hedge, mutual and private equity funds; banks and investment banks; accounting firms and auditors; insurance, real estate and technology companies; securities professionals; law firms and attorneys; entrepreneurs; investors; and corporate officers and directors.
Lawrence has extensive experience on both the plaintiff and defense sides of sophisticated financial and commercial litigation. His matters have included securities fraud and class actions, civil RICO claims, corporate and contractual disputes, mergers and acquisitions, bond and arbitrage disputes, real estate fraud, professional liability claims, and domestic and international securities arbitration.
His recent work includes serving as defense counsel in Mullins v. NOVATECH, involving allegations of a $50 billion international cryptocurrency RICO scheme. After a magistrate judge recommended dismissal of the plaintiffs’ 23-count complaint, the recommendation was adopted by the district court, and the case against the moving client was ultimately dismissed with prejudice in June 2026. Lawrence also recently defended a company and its senior officers in PC5REO LLC v. City of Burlington, in which the court denied a renewed application for class certification with prejudice.
Lawrence has been recognized by Super Lawyers in securities and business litigation beginning with the publication’s inaugural New York edition in 2006 and again from 2013 through 2026. He has also received a 10/10 rating from AVVO.
In addition to his litigation practice, Lawrence is a prolific legal scholar. He has authored or served as principal or first author of more than 50 peer-reviewed publications addressing securities litigation, civil RICO, federal procedure, evidence, attorney-client privilege, corporate governance, damages and loss causation, among other subjects. His scholarship has been cited in judicial decisions, legal treatises and academic publications.
Lawrence pursued doctoral studies in philosophy at Columbia University, where he earned a master’s degree. He received his undergraduate degree summa cum laude in music, with a concentration in classical guitar, and began his legal career in the New York office of Shea & Gould.
Representative Matters
Mullins v. NOVATECH — Defense counsel to a defendant accused of orchestrating an alleged $50 billion international cryptocurrency RICO scheme. The claims against the moving client were dismissed with prejudice in June 2026.
PC5REO LLC v. City of Burlington — Defense counsel to a company and senior officers in putative class litigation; the court denied plaintiffs’ renewed class-certification application with prejudice.
Seiden v. Frazer Frost, LLP — Defended accounting firms against claims seeking $65 million. Dismissal with prejudice was affirmed by the Ninth Circuit.
CMG Holdings Group v. Wagner — Represented an advertising company pursuing more than $60 million in alleged RICO damages arising from an alleged corporate-looting scheme.
Hanson v. Frazer, LLP — Defended an accounting firm in a Rule 10b-5 class action seeking more than $45 million; the amended complaint was dismissed with prejudice.
Fortress Credit Corp. v. Ruskin Moscou Faltischek P.C. — Appellate counsel to a law firm facing claims seeking $50 million; obtained reversal and dismissal of all claims with prejudice.
Wyser-Pratte v. Babcock Borsig, AG — Represented the chairman of a major German energy and engineering company in litigation seeking more than $60 million in civil RICO damages; dismissal was affirmed on appeal.
Caiola v. Citibank, N.A. — Served as special derivatives counsel in a securities fraud action involving synthetic swap and option transactions and approximately $40 million in alleged losses.
BAR ADMISSIONS
State of New York, 1989
U.S. District Court, Southern District, New York
U.S. District Court, Eastern District, New York
U.S. District Court, Northern District, New York
U.S. District Court, Western District, New York
U.S. Court of Appeals for the Second Circuit
EDUCATION
Touro College Jacob D. Fuchsberg Law Center, J.D., cum laude, 1988, Law Review
Columbia University, Doctoral Candidate Masters, Philosophy, 1983
Long Island University, B.A., 1977 (Philosophy - summa cum laude)
Long Island University, B.A., 1977 (music performance summa cum laude - classic guitar)