Daniel J. Stermer | Profile

Daniel J. Stermer is a Partner at Yip Associates with more than 35 years of private and public sector experience. Mr. Stermer has extensive experience serving as a fiduciary in a variety of settings, including as Chapter 11 Trustee, Receiver, Assignee for the Benefit of Creditor, Corporate Monitor, Liquidating Trustee, Chief Restructuring Officer, and Litigation Trustee.Mr. Stermer has acted as advisor to others appointed as the fiduciary, where he has managed the day-to-day operations of receiverships, assignments, trusteeships, and other estates, coordinated and assisted the estates’ legal, accounting and other professionals, investigated the estates’ interest in assets, and managed the recovery and disposition of those assets. He has also coordinated claims processes and analysis, consulted and strategized with clients regarding potential and ongoing governmental investigations and prosecutions.

Before joining the private sector, Mr. Stermer served in the Economic Crimes Litigation Unit of the Florida Attorney General’s Department of Legal Affairs, where he commenced and participated in all facets of civil enforcement pre-complaint investigations and litigation, including bankruptcy litigation, related to Florida’s Deceptive and Unfair Trade Practices Act and Racketeer Influenced and Corrupt Organizations Act (RICO), from inception of investigation through trial. While with the Office of the Bronx County District Attorney’s office, Mr. Stermer served as Special Assistant United States Attorney in the Organized Crime Unit and as Assistant District Attorney in a federally funded task force prosecuting high volume narcotics trafficking and related violent crimes.

Mr. Stermer is admitted to practice law in both New York and Florida. He earned his J.D. from Touro College Jacob D. Fuchsberg Law Center in 1988 and his B.A. from the State University of New York at Binghamton in 1984.

Mr. Stermer previously served as Mayor and Commissioner of the City of Weston (Florida), leaving office due to term limits, and has held numerous other elected and appointed positions in professional and community organizations locally and statewide. As an adjunct professor at St. Thomas University School of Law, Mr. Stermer taught “Receivership Practice and the Inter-Relationships between the Legal, Accounting, and Business Worlds.”