Extensive Experience as a Receivership Attorney
The extensive experience of Phillip S. Stenger and his firm in law, accounting, and litigation, as well as the firm's experience in
Claims Administration and Distribution
and his unique experience in
Caribbean Liquidations, have lead to the appointment of Phillip Stenger and other members of the firm as receivership attorneys in various cases brought by the SEC (Securities & Exchange Commission). These cases have involved investment fraud, insider trading and international money laundering, as well as Mr. Stenger's unprecedented appointment on two occasions as a Cayman Islands' Joint Official Co-Liquidator.
As a result of its administration of numerous SEC receiverships, Stenger & Stenger has developed a team of professionals who are experienced in managing operating businesses, liquidating disgorged assets, bringing necessary litigation, conducting claims administration and verification, and the distribution of disgorgement and other proceeds. We develop case-specific strategies tailored to the particulars of the specific action. The uniquely tailored distribution plans developed by Phil Stenger have been sustained by the courts as meeting requirements of both fairness and due process: see SEC v. Basic Energy & Affiliated Resources, Inc. et al., 273 F.3d 657 (6th Cir. 2001). Recoveries for investors have also been enhanced by commencing and successfully completing significant third party litigation against both domestic and foreign defendants. Stenger & Stenger also employs trained specialists and state-of -the art technology for dealing with the critical area of
World-wide Receiver, Liquidator, and Administrator Experience
In serving as receiver, liquidator, or administrator, Phillip Stenger has worked closely with governmental agencies world-wide, including the Securities and Exchange Commission (including its Washington, D.C. International Affairs Office), United States Attorney's Offices in New York and the Southern District of Florida in related criminal cases, various state "Blue Sky" agencies, and the Cayman Islands Monetary Authority, the Cayman Islands Attorney General and the Grand Court of the Cayman Islands. Mr. Stenger also works closely with domestic and foreign professionals - attorneys, accountants, experts and consultants - in the United States, England and the Caribbean, including the Cayman Islands, Bahamas, and the Commonwealth of Dominica.
From our home office in Grand Rapids, Michigan, Stenger & Stenger serves as a receiver world-wide: besides Mr. Stenger's appointments as Joint Official Co-Liquidator of numerous Caribbean companies by the Grand Court of the Cayman Islands, Mr. Stenger and other Stenger & Stenger lawyers have been appointed Receiver or Settlement Administrator by federal courts in Chicago, Detroit, Kentucky, Miami and New York. As a part the settlement administration process, Mr. Stenger has run businesses, sold property, and conducted litigation in Florida, Georgia, Illinois, Kentucky, Louisiana, Michigan, Nevada, New York, North Carolina, Ohio, Texas, the Cayman Islands, Dominica and the Bahamas.
Stenger & Stenger Areas of Practice Related to Receiverships
Related to Stenger & Stenger's experience in Receiverships is its work in
Claims Administration and Distribution,
Caribbean Liquidations, and
See our list of
Representative Receiverships and Cayman Islands' Liquidations.
Contact a receivership attorney
who understands the law and the procedures involved in finding a successful plan to resolve the situation. For more information on receivership law and procedure, see
Phillip Stenger’s Encyclopedia of Receivership Law & Practice.