|  Stanley
M. Hecht is Of Counsel toKeightley & Ashner LLP,
having joined the firm upon his retirement from government
service in March 2008 after 15 years with the Pension
Benefit Guaranty Corporation, most recently as Assistant
Chief Counsel in the Insurance Program Office and
Senior Legal Advisor to the Office’s Director.
During his PBGC career, Stan played
an important role in the agency’s major ERISA
and corporate program areas, including early warning,
bankruptcy, litigation, transactional, regulatory
policy, premium enforcement, corporate governance,
risk assessment and benefit determination matters.
At the time of his retirement, Stan also was the Alternate
Chair and Senior Legal Advisor to the PBGC's Trusteeship
Working Group, a multidisciplinary committee that
advises PBGC’s Director on proposed major pension
plan terminations.
Stan also was Alternate Chair and Senior
Legal Advisor to PBGC's Recovery Valuations Group,
a member of the Audit Committee, the Internal Control
Committee, the Risk Assessment Committee, and the
Appeals Board, and regularly provided legal, management
and policy advice to senior and executive management.
Stan has worked on many of PBGC’s major bankruptcy,
transactional and litigation cases, including those
involving steel and coal producers, airlines, automobile
and automobile parts manufacturers, and chemicals,
metals distribution, public utilities, textiles, paper
mill, technology, consumer electronics, appliance
manufacturing and health care companies. He has extensive
experience working with creditors' committees and
debtors. He also was PBGC's senior representative
on a working group with the U.S. Securities and Exchange
Commission that studied pension corporate finance
accounting and disclosure issues for public companies.
Stan began his legal career in 1975 on Capitol Hill
with the U.S. House of Representatives Select Committee
on Intelligence, which investigated and held hearings
on U.S. intelligence agency abuses. He then joined
the Enforcement Division of the SEC, where he became
a supervising attorney and for ten years investigated
and litigated financial fraud cases. Stan then went
to the Federal Home Loan Bank Board (now the Office
of Thrift Supervision, U.S. Department of the Treasury)
for six years, where he investigated and litigated
banking enforcement cases and became Deputy Director
of Enforcement, Acting Director of Enforcement, and
Senior Legal Advisor for Enforcement Policy to the
OTS’s Chief Counsel.
Stan attended Rutgers University,
graduating with honors in 1972 with a B.A. in history,
and the George Washington University National Law
Center, graduating with honors in 1975. He has been
an instructor with the National Institute for Trial
Advocacy and teaches at two Washington, D.C. area
law schools. In addition to numerous continuing legal
education courses, Stan completed advanced course
work at Harvard University Law School's Negotiations
Project. He is a member of the District of Columbia
Bar and the American Bar Association.
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