425 Park Avenue
New York, NY 10022
Tel: 1-212-754-9400 ext. 416, 330
Stephen D. Oestreich Senior Counsel
Stephen D. Oestreich is Senior Counsel to the Firm. He began his legal career as a trial attorney with the Enforcement Division of the United States Securities and Exchange Commission in its New York Regional Office, where he represented the SEC in numerous hearings and trials. After leaving the SEC, Mr. Oestreich spent most of his career litigating complex securities matters.
Over the years, Stephen D. Oestreich has served as lead or co-lead counsel in numerous securities class actions and derivative actions. Among his many noteworthy cases, Mr. Oestreich was a lead attorney in In re The Standard Oil Company/British Petroleum Litigation, which resulted in a benefit of over $600 Million to the class; Joseph, et al. v. Shell Oil Company, et al., a class action before the Delaware Chancery Court, which resulted in a $205 Million settlement for the benefit of the class; In re Donnkenny, Inc. Securities Litigation; In re Salomon Brothers Securities Litigation which settled for $52 Million; and the Itel Securities Litigation, which resulted in a class settlement of over $40 Million.
Mr. Oestreich was also appointed by the Delaware District Court as lead counsel in the In re Phillips Securities Litigation and served as a member of plaintiffs’ executive committee, as well as plaintiffs’ lead settlement counsel in the In re Gulf Oil/Cities Service Tender Offer Litigation. Mr. Oestreich also served as co-lead counsel and co-trial counsel in Sirota v. Solitron Devices, Inc., which, after an eleven-day trial, resulted in a jury verdict for the plaintiff class on all issues of liability and damages. Mr. Oestreich was part of the litigation team which recovered $1.1 Billion for the shareholders in In re Royal Ahold N.V. Securities ERISA Litigation. Mr. Oestreich was recently retained by the Global Crossing Estate Representatives as special litigation counsel in connection with the Global Crossing Bankruptcy to recover funds on behalf of the creditors Trust and which resulted in a significant recovery on behalf of the Trust. He was also recently trial counsel in a wrongful termination case on behalf of a senior executive of a corporation where the Court, after trial, found for the Plaintiff and entered a Judgment for lost wages plus costs and interest on behalf of the former executive.
Mr. Oestreich’s experience also includes serving as Special Master for the Supreme Court of New York and as an arbitrator in the United States District Court for the Eastern District of New York. He also has been a guest lecturer on the subject of securities litigation at the Federal Bar Association and at the Rutgers Graduate School of Business. He is called upon by financial news networks to discuss recent developments involving the securities laws. In 1998, he was the recipient of the Man of the Year Award for the Long Island Chapter of the Crohn’s and Colitis Foundation of America.
- New York State
- United States Supreme Court
- United States Court of Appeals for the First, Second, Third and Ninth Circuits
- United States District Court for the Eastern and Southern Districts of New York
- Bucknell University, B.S.B.A.
- Fordham University Law School, J.D. (National Moot Court Team; Southern Moot Court Team; George W. Bush Award; I. Maurice Wormser Award