Cohen Milstein Sellers & Toll PLLC - Washington, DC
1100 New York Ave. NW., # 500
Washington, DC 20005
(202) 408-4600 www.cohenmilstein.com
Practice Areas: Securities Litigation & Investor Protection
Admissions: District of Columbia Virginia
Education: Georgetown University, J.D., 1975 University of Pennsylvania, B.S., cum laude, 1972
Steven J. Toll is Managing Partner at Cohen Milstein, a member of the Executive Committee, and Co-Chair of the firm's Securities Litigation & Investor Protection practice group. In this role, Mr. Toll guides the firmâ€™s mediation efforts and strategy, and has been lead or principal counsel on some of the most high-profile stock fraud lawsuits in the past 30 years, arguing important matters before the highest courts in the land.
Mr. Toll has built a distinguished career and reputation as a fierce advocate of the rights of shareholders and has guided mediation efforts on the firmâ€™s largest and most important matters (both securities fraud and other consumer type cases), a role in which he has earned the trust of mediators, as well as the respect of defense counsel. Mr. Toll has been involved in settling some of the most important mortgage-backed securities (MBS) class-action lawsuits in the aftermath of the financial crisis, including: Countrywide Financial Corp., which settled for $500 million in 2013; Residential Accredited Loans Inc. (RALI), which settled for $335 million in 2014; Harborview MBS, which settled for $275 million, also in 2014; and Novastar MBS, which settled for $165 million in 2019. He also negotiated a $90 million settlement of a suit against MF Global.
Among Mr. Tollâ€™s important cases is the Harman class action suit, where Mr. Toll argued and won an important ruling from the U.S. Court of Appeals for the District of Columbia Circuit. The Circuit Court reinstated the suit against electronics maker Harman International Industries; the ruling is significant in that it places limits on the protection allowed by the safe harbor rule for forward-looking statements. A $28.25 million settlement was achieved in this action in 2017.
Mr. Toll was also co-lead counsel in the BP Securities class action securities fraud lawsuit that arose from the devastating Deepwater oil spill in the Gulf of Mexico. The Fifth Circuit Court of Appeals affirmed the certification of the class of investors alleged to have been injured by BPâ€™s misrepresenting the amount of oil spilling into the Gulf of Mexico, and thus minimizing the extent of the cost and financial impact to BP of the clean-up and resulting damages. In February 2017, the court granted final approval to a $175 million settlement reached between BP and lead plaintiffs for the â€œpost-explosionâ€ class.
CURRENT CASES Boeing Derivative Shareholder Litigation IBEW Local 98 Pension Fund v. Deloitte In re American Realty Capital Properties Inc. Litigation In re EQT Corporation Securities Litigation In Re General Electric Securities Litigation In re GreenSky Securities Litigation In re Liberty Tax, Inc. Securities Litigation In re SanDisk Securities Litigation In re Valeant Pharmaceuticals International, Inc. Third-Party Payor Litigation Karimian, et al. v. Alkermes Public Limited Company, et al. Lewis Cosby, et al. v. KPMG, LLP Mylan N.V. Securities Litigation Plumbers & Pipefitters National Pension Fund v. Davis, et al. Pluralsight, Inc. Securities Litigation Seafarers Pension Plan v. The Boeing Company Teva Pharmaceuticals Industries LTD Securities Litigation Treasuries Antitrust Litigation Weiner, et al. v. Tivity Health, Inc., et al.
RECENT SUCCESSES Bear Stearns Mortgage Pass-Through Certificates Litigation BP Securities Litigation Braskem S.A. Securities Litigation China MediaExpress Countrywide Mortgage Backed Securities (MBS) Litigation De Vito, et al. v. Liquid Holdings Group, Inc. Fannie Mae Securities Litigation Harborview MBS Litigation Harman International Industries, Inc. Securities Litigation Impax Laboratories, Inc. Securities Litigation In re Lucent Technologies Securities Litigation (District of New Jersey) In re Oppenheimer Rochester Funds Group Securities Litigation In Re: Lumber Liquidators Chinese-Manufactured Laminate Flooring Products Marketing, Sales Practices and Products Liability Litigation Intralinks Navistar Litigation New York City Employeesâ€™ Retirement System, et. al. v. Valeant Pharmaceuticals International, Inc. Novastar MBS Litigation Opus Bank Securities Litigation RALI MBS Litigation Sino-Forest
AWARDS & RECOGNITION Cohen Milsteinâ€™s Antitrust, Civil Rights & Employment, Products Liability, and Securities Litigation Groups Recognized as â€œLeading Practicesâ€ by The Legal 500 Seventeen Cohen Milstein Attorneys Recognized as 2020 Washington, DC Super Lawyers; Seven Recognized as 2020 Washington, DC Rising Stars Twelve Cohen Milstein Lawyers Recognized Among the 2020 Lawdragon 500 Leading Lawyers in America Cohen Milsteinâ€™s Agnieszka Fryszman and Steve Toll Named to the 2019 List of â€œLawdragon Legendsâ€ Cohen Milsteinâ€™s Antitrust, Civil Rights & Employment, Products Liability, and Securities Litigation Groups Recognized as â€œLeading Practicesâ€ by The Legal 500 Twenty-One Cohen Milstein Attorneys Recognized as 2019 Super Lawyers; Nine Recognized as 2019 Rising Stars Nine Cohen Milstein Lawyers Recognized Among the 2019 Lawdragon 500 Leading Lawyers in America Steven J. Toll Named One of â€œAmericaâ€™s 50 Most Influential Trial Lawyersâ€ Legal 500 (2018) Recognizes Cohen Milsteinâ€™s Antitrust, Securities Litigation, and Employment Disputes Practices, as well as Steven J. Toll, Richard A. Koffman, Kit A. Pierson, Sharon K. Robertson, and Brent W. Johnson Law360 Names Cohen Milsteinâ€™s Steven J. Toll a 2018 â€œTitan of the Plaintiffs Barâ€ Twenty Cohen Milstein Attorneys Recognized as 2018 Super Lawyers; Eleven Recognized as 2018 Rising Stars Cohen Milstein Ranks No. 3 in Investor Recoveries (2017), ISS Securities Class Action Services Seven Cohen Milstein Lawyers Recognized Among the 2018 Lawdragon 500 Leading Lawyers in America Cohen Milsteinâ€™s Steven J. Toll and Theodore J. Leopold Recognized as Leaders in Class Action Litigation (2017) Six Cohen Milstein Partners Selected to the 2016 Lawdragon 500 Cohen Milstein's Steven J. Toll Named a Law360 MVP in Securities Law Congratulations to Cohen Milstein's 2015 Washington, DC Super Lawyers and Rising Stars Four Cohen Milstein Partners Selected to the 2014 Lawdragon 500 Congratulations to Cohen Milstein's 2014 Washington, DC Super Lawyers and Rising Stars
NEWS â€œ6 Firms Vie to Lead Suit Over Wells Fargo House Report,â€ Law360 â€œTivity Health Bid for New Look at Investor Class Approval Denied,â€ Bloomberg Law â€œDeloitte Wants Investor's Nuclear Energy Project Suit Tossed,â€ Law360 â€œBoeing Shareholder Challenges Forum Selection Clause for Barring Federal Derivative Claim,â€ Reuters â€œMiller Energy Investors Win Cert. in Suit Over KPMG Audit,â€ Law360 â€œGreenSky Investors Score Class Cert. in IPO Suit,â€ Law360 â€œPerformance Sports Execs Must Face Securities Fraud Suit,â€ Law360 â€œShareholdersâ€™ Class Action Lawyers: Weâ€™re Not Rushing to Bring COVID-19 Cases,â€ Reuters â€œInvestors Seek Cert. in Action Over GreenSky IPO,â€ Law360 â€œFeds Certify Securities Class Action Against Tivity,â€ Nashville Post â€œTivity Investors Win Class Cert. in Tenn. Stock-Drop Suit,â€ Law360 â€œInvestors Fight Performance Sports Execsâ€™ Bid to Nix Suit,â€ Law360 â€œLitigation Leaders Across the â€˜vâ€™: Cohen Milsteinâ€™s Steven Toll on Fearless Litigation, Defense-Side Competition and the Greater Good,â€ The American Lawyerâ€™s Litigation Daily â€œFintech Lender Loses First of 2 Bids to Kill Stock-Drop Suits,â€ Law360 â€œLiquid Holdings Reaches $4M Settlement over IPO Claims,â€ Law360 â€œBernstein Litowitz, Cohen Milstein to Lead EQT Stock Suit,â€ Law360 â€œBernstein, Robbins, Others Vie for Lead in EQT Deal Suit,â€ Law360 Investigation Notice Cohen Milstein Announces Investigation of Jumia Technologies AG (NYSE: JMIA) Investigation Notice Cohen Milstein Announces Investigation of Apyx Medical Corp. (NASDAQ: APYX) Investigation Notice Cohen Milstein Announces Investigation of Mueller Water Products, Inc. (NYSE: MWA) â€œSEC Fraud Suit Roils VW Bid to Shake Emissions Scandal,â€ Law360 â€œSanDisk Inks $50M Deal over Investorsâ€™ Juked Forecasts Suit,â€ Law360 Investigation Notice Cohen Milstein Announces Investigation of American Renal Associates Holdings, Inc. (NYSE: ARA) â€œWashington Hebrew Preschool Sued over Worker Accused of Child Sex Abuse,â€ NBC 4 Washington â€œD.C. Synagogue Accused in Lawsuit of Enabling â€˜Systemic, Regularâ€™ Sexual Abuse at Preschoolâ€ USA Today â€œAdministrators at Washington Jewish Preschool Accused of Child Sex Abuse,â€ Jewish News Syndicate â€œAdministrators at Washington Jewish Preschool Accused of Child Sex Abuse,â€ South Florida Sun Sentinel â€œDC Preschool Accused of Enabling Sexual Abuse of Children,â€ Law360 â€œTivity Attyâ€™s â€˜Suspicious Stock Salesâ€™ Support Suit, Judge Says,â€ Law360 â€œ$165M NovaStar Deal OK'd over FHFA Objections,â€ Law360 Investigation Notice Cohen Milstein Announces Investigation of DBV Technologies S.A. (NASDAQ: DBVT) â€œExperts at Odds over Call to Overhaul Securities Litigation,â€ Law360 Investigation Notice Cohen Milstein Announces Investigation of Immunomedics, Inc. (NASDAQ: IMMU) Investigation Notice Cohen Milstein Announces Investigation of Apogee Enterprises, Inc. (NASDAQ: APOG) Investigation Notice Cohen Milstein Announces Investigation of Sonus Networks, Inc. (NASDAQ: SONS) Cohen Milstein Sellers & Toll PLLC Announces Securities Class Action Lawsuit Against GreenSky, Inc. â€œ$36 Million Settlement Approved in Lumber Liquidators Lawsuit,â€ CBS News Investigation Notice OPKO Health, Inc. Investigation Notice USA Technologies, Inc. â€œObjector Loses Lead Plaintiff Challenge in Credit Suisse Suit,â€ Law360 Investigation Notice Rockwell Medical, Inc. â€œKPMG Can't Escape Investors' Suit over Miller Energy Audit,â€ Law360 â€œJPML Won't Centralize Credit Suisse Inverse VIX Suits in NY,â€ Law360 Investigation Notice - Ormat Technologies, Inc. â€œCohen Milstein, Levi & Korsinsky to Lead Credit Suisse Suit,â€ Law360 â€œLumber Liquidators MDLs Get Initial OK for $36M Settlement,â€ Law360 â€œTitan of the Plaintiffs Bar: Cohen Milsteinâ€™s Steven Toll,â€ Law360 â€œFunds Fight Bids to Toss $80B Valeant Price-Gouging Suit,â€ Law360 â€œSecurities Settlements in 2018 Exceed Value for All of 2017,â€ Law360 â€œMylan Must Face Many of Investorsâ€™ EpiPen Fraud Claims,â€ Law360 Cohen Milstein Sellers & Toll PLLC Announces Investigation of NQ Mobile Inc. Cohen Milstein Sellers & Toll PLLC Announces Investigation of Quantum Corp. â€œBrazilian Petrochemical Braskem to Settle Lawsuit for $10 Million Filing,â€ Reuters â€œOpus Bank Cuts $17M Deal to End Suit Over Risky Loansâ€ Law360 Cohen Milsteinâ€™s Steven J. Toll Named a 2017 Law360 Class Action MVP â€œUS Treasury Dealers Accused of Collusion by Big Investors,â€ Financial Times â€œBig Banks Face Wider Treasury Auction-Fixing Suit,â€ Law360 Opus Bank to Pay $17 Million to Settle Allegations of Misleading Investors About Lending Practices â€œLumber Liquidators Plans $36M Settlement in Flooring Cases,â€ Associated Press â€œLumber Liquidators Settles Class-Actions Related to China-Made Products,â€ Reuters â€œLumber Liquidators Strikes $36M Deal in Laminate MDL,â€ Law360 â€œLumber Liquidators Near Settlement in Class-Action Suit: Retailer Will Pay Out $36 Million in Cash and Store Credit,â€ The Wall Street Journal Braskem Agrees to Pay Investors $10 Million for Role in Petrobras Corruption Scandal â€œBraskem to Pay Pension Fund, Others $10 Million from Lawsuit Related to Petrobras Corruption,â€ Pensions & Investments â€œBrazil's Braskem Agrees to Settle U.S. Class Action for $10 Million,â€ Reuters â€œBraskem, Investors Strike $10M Deal in Corruption Suits,â€ Law360 â€œBraskem Signs $10 Million Settlement over Bribery Scandal,â€ The Wall Street Journal â€œCohen Milstein, Robbins Geller to Lead Booz Allen Fraud Suit,â€ Law360 â€œThis Multitrillion-Dollar Suit Canâ€™t Go Unnoticed,â€ New York Post â€œJudge Approves Law Firms for Class-Action Suit Against Banks,â€ New York Post â€œJudge in American Realty Case Expects To OK Class Period,â€ Law360 Federal Court Appoints Three Prominent Firms to Lead Class Action Against Worldâ€™s Largest Banks â€œBigLaw Triumvirate Leads US Securities Antitrust MDL,â€ Law360 â€œTeamsters' Fund Seeks Leading Role in Booz Allen Stock Suit,â€ Law360 Cohen Milsteinâ€™s Antitrust and Securities Litigation Practices Recognized by The Legal 500; Richard Koffman Named to the Legal 500 Hall of Fame â€œHarmanâ€™s $28.3M Deal Gets Initial OK in Stock Drop Suit,â€ Law360 â€œBig Banksâ€™ $165M Deal Gets Initial OK in NovaStar MBS Suit,â€ Law360 â€œ$28M Settlement Ends Decade-Old Security Fraud Case,â€ The National Law Journal â€œHarman Int'l Settles Stock Drop Saga for $28.25M,â€ Law360 Harman International Agrees to Pay $28.25 Million to Settle Allegations of Misleading Investors â€œHarman International to Pay $28 Million to Settle Pension Fund-Led Lawsuit,â€ Pensions & Investments â€œBrazil's Braskem Must Face U.S. Lawsuit over Petrobras Scandal,â€ Reuters â€œWells Fargo, RBS, Deutsche Bank in $165 million NovaStar Settlement,â€ Reuters NovaStar, RBS, Wells Fargo, Deutsche Bank to Pay $165 Million in MBS Settlement Cohen Milstein Named a Law360 2016 Practice Group of the Year: Class Actions "$175M BP Deal Gets Judge's OK With Opt-Out Method Intact," Law360 Cohen Milstein Sellers & Toll Recognized by The National Law Journal as â€œElite Trial Lawyersâ€ in Antitrust and Class Actions Settlement of $9.1 Million Approved in Navistar Shareholder Suit Cohen Milstein Sellers & Toll PLLC Announces the Investigation of American Renal Associates Holdings, Inc. â€œValeant's Legal Woes Aren't New, but They Are Mounting,â€ The Motley Fool â€œValeant Faces RICO Suit in â€˜Secretâ€™ Pharmacy Network Row,â€ Law360 Court Grants Preliminary Approval of $9.1 Million Navistar Securities Settlement â€œHigh Court Rejects Harmanâ€™s Appeal in Securities Suit,â€ Law360 Federal Court Approves $14 Million Settlement in IntraLinks Holdings Securities Class Action Lumber Liquidators Purchasers File Class Actions in Five States Over Flooring Containing Hazardous Formaldehyde Levels Fifth Circuit Affirms Federal Court's Class Certification Decision in In Re: BP p.l.c. Securities Litigation Federal Court Appoints Steven J. Toll Co-Lead Counsel in Lumber Liquidators Class Action Lawsuit DC Circuit Court Reinstates Harman International Industries Securities Fraud Case Judge grants preliminary approval in connection with $325 million global RALI MBS class action settlement â€œAmerican Realty Capital Properties Hit by Lawsuit from Institutional Investors,â€ Investment News Federal Court Approves $275 Million Royal Bank of Scotland Settlement Class Certification Granted in China MediaExpress Securities Litigation Cohen Milstein Sellers & Toll PLLC Comments on Supreme Court's Halliburton Securities Class Action Decision Cohen Milstein Managing Partner Steven J. Toll Profiled in Lawdragonâ€™s â€œLawyer Limelightâ€ Feature Motion to Dismiss Denied in Impax Securities Litigation Leopold Law Firm Merges with Cohen Milstein Sellers & Toll PLLC Federal Court Approves $500 Million Countrywide MBS Settlement Agreement Cohen Milstein Appointed Lead Counsel in Magnum Hunter Securities Litigation Oppenheimer Municipal Bond Fund Litigation Settles for $89.5 Million Investors and Countrywide Agree to Landmark $500 Million Settlement Court Permits Claims to Advance in BP Securities Litigation Judge Rejects WaMu's Motion to Block MBS Class Action from Proceeding to Trial Cohen Milstein Announces Class Action Lawsuit Against MF Global, Ltd.
PUBLICATIONS Cohen Milsteinâ€™s Securities Litigation & Investor Protection Practice Issues Spring 2020 Edition of the Shareholder Advocate Cohen Milsteinâ€™s Securities Litigation & Investor Protection Practice Issues Summer 2019 Edition of the Shareholder Advocate â€œEvent-Driven Litigation Defense,â€ Harvard Law School Forum on Corporate Governance and Financial Regulation Cohen Milsteinâ€™s Securities Litigation & Investor Protection Practice Issues Spring 2018 Edition of the Shareholder Advocate The Critical Role Played by Private Enforcement of the Securities Laws on Behalf of Taft-Hartley Pension Plans in the Aftermath of the Mortgage-Backed Securities Crisis - A Case Study
EVENTS Cohen Milsteinâ€™s Steven J. Toll Invited to Speak at George Mason Universityâ€™s Scalia Law School Symposium on Civil Justice Issues Cohen Milsteinâ€™s Steven J. Toll Invited to Speak at George Mason Universityâ€™s Scalia Law School Congressional Civil Justice Academy Cohen Milstein Partner Steven J. Toll to speak at the Mass Torts Made Perfect Conference