SOURCE: Otterbourg, Steindler, Houston & Rosen

July 01, 2008 08:05 ET

Attorneys Join Finance Practice and Insolvency Practice at Otterbourg, Steindler, Houston & Rosen

NEW YORK, NY--(Marketwire - July 1, 2008) - Benjamin W. Lau has joined the finance practice group and David M. Posner has joined the creditors' rights and insolvency practice group at Otterbourg, Steindler, Houston & Rosen, P.C. as Of Counsel.

Lau was a partner with Nixon Peabody LLP in New York where he was a member of the leverage finance team. His work included leverage financing for acquisitions, recapitalizations and going-private transactions. In addition, his practice involved capital and asset-based financing, workouts and restructurings and distressed debt trading activities. Lau was also senior counsel at Merrill Lynch & Co. where he supported the high-yield business unit and other product groups. He regularly represents investment and commercial banks, hedge funds, investment companies, investment advisors and other financial institutions. Lau's expertise in leverage finance further adds to Otterbourg's capabilities in representing lenders providing capital market products.

Posner was previously a partner in the New York office of Hogan & Hartson in its lending, bankruptcy and creditors' rights law group. He represents secured creditors, unsecured creditors, trustees, creditors' committees and numerous financial institutions in Chapter 11 and 7 cases and non-bankruptcy litigation matters. His experience includes representing such clients in mortgage foreclosure, lender liability, debt collection, judgment enforcement and bankruptcy appellate practice as well. The addition of Posner to the insolvency practice continues the expansion of the Otterbourg practice in this arena.

"Both attorneys bring a high level of experience to the firm," says Daniel Wallen, chairman of Otterbourg. "Having them join the firm reflects our continuing commitment to representing our clients across the spectrum of financial products and services that they might require."

Posner received his B.A. from Syracuse University in 1984 and his J.D. from Syracuse University College of Law in 1988 where he was senior editor of the Syracuse Law Review. Lau received his B.S. from California State University, Fresno, California in 1987 and his J.D. from Fordham University School of Law in 1990.

Otterbourg, Steindler, Houston & Rosen will be celebrating its 100th anniversary in 2009. The firm specializes in the representation of financial institutions and creditors, including commercial banks, investment banks, asset-based lenders and hedge funds in all aspects of their businesses, including the structuring and documentation of loan transactions, acquisitions, litigation and alternative dispute resolution, real estate transactions, workouts, restructurings and bankruptcy proceedings. The firm has particular expertise in leveraged finance, asset based lending and second lien loans, whether within the United States or cross-border, as well as the representation of committees of unsecured creditors in large and complex bankruptcy reorganization cases throughout the United States. It is also well known for its representation of individual institutional lenders, bank groups, commercial enterprises and other secured and unsecured creditors in complex, high profile litigation and its role as co-general counsel for the Commercial Finance Association.

Contact Information

  • Contacts:
    David Morse
    Otterbourg, Steindler, Houston & Rosen, P.C.
    212-661-9100, ext. 722
    Email Contact

    Diane Rumbaugh
    Kohn Communications
    Email Contact