Richard Steal | Secretary, Board of Directors
Richard L. Stehl is the Chairman of the Board of Otterbourg P.C. and manages a specialty practice group which includes corporate, real estate, banking and finance areas. Mr. Stehl represents institutional lenders, banks, finance companies, hedge funds, factors and insurance companies in connection with the documentation of domestic and international secured lending arrangements, including asset-based, cash flow, middle market, leveraged, unitranche, and first and second lien loan transactions. Mr. Stehl also frequently represents secured lenders in bankruptcies, workouts, reorganizations, and portfolio and business unit acquisitions and dispositions.
Mr. Stehl has represented Boards of Directors, as well as their various committees, and advises on corporate governance and similar matters. He has, among other corporate representations, negotiated and documented executive compensation and management incentive packages, employment agreements, non-competition and non-solicitation agreements, and executive exit agreements. He often advises companies on technology transfer, data security and privacy matters. Mr. Stehl has been involved in various corporate, licensing, financing, protection of proprietary information and other representations for technically oriented companies, as well as for companies whose principal assets involve intellectual properties.
Prior to joining Otterbourg, Mr. Stehl served as the Law Clerk to the Honorable Leif M. Clark, United States Bankruptcy Judge for the United States Bankruptcy Court, Western District of Texas. He has published legal articles in the areas of bankruptcy law, secured lending and management and is an active member of the Association of Commercial Finance Attorneys, the Turnaround Management Association, the Association for Corporate Growth and the New York State Bar Association. Mr. Stehl is a frequent speaker on topics relating to secured financing.
Mr. Stehl received his law degree from St. John’s University in 1992 and his LL.M. degree from New York University Law School in 2001. Mr. Stehl also holds an M.B.A. degree from The Hofstra University School of Business. He is a member of the bars of the states of New York and Connecticut.
Mr. Stehl is deeply involved in many charitable causes. He is a member of the Board of Governors of Opportunity International, a microfinance charity which promotes entrepreneurialism and economic growth in Third World countries. He serves as a Director of Four Block, a charitable organization that trains and assists veterans to successfully transition from their military careers to the private sector. He is also an active member of Hope for the Warriors, Needlers Foundation, National Jewish Health Foundation and Ort America, among others. In 2014, Mr. Stehl was honored with the Community Achievement Award by Ort America.