Name: Steven J. Toll
Item: Steven J. Toll
Author: mgleeson

Bio

Steven J. Toll is Managing Partner at Cohen Milstein, a member of the Executive Committee, and Co-Chair of the firm's Securities Fraud & Investor Protection practice group. Mr. Toll guides the firm’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 firm’s largest and most important matters (both securities fraud and other consumer 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 2008 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; and the Harborview MBS suit, which settled for $275 million. He also negotiated a $90 million settlement of a suit against MF Global.

Mr. Toll has been involved in a great deal of pro bono work throughout his decades-long career at Cohen Milstein. In addition, he has been an active supporter of Children’s Hospital National Medical Center, setting up an endowment in his daughter’s name to help the Hospital’s leukemia patients and their families (his daughter passed away from leukemia in 1987), plus establishing regular programs for music and laughter for the children during their hospital stays. He and his family also founded Lolly’s Locks, a nonprofit organization that provides high-quality wigs to women cancer patients suffering from hair loss as a side effect of chemotherapy. Lolly’s Locks was established in memory of Mr. Toll’s late wife, Lolly, who passed away in 2012, after a 15-month battle with cancer.

Mr. Toll is a graduate of the Wharton School of the University of Pennsylvania, earning a B.S. cum laude, and received his J.D. from Georgetown University Law Center, where he was Special Project Editor of The Tax Lawyer. His name appears regularly in various leading publications’ annual lists of MVP’s, Elite Trial Lawyers, Leading Attorneys, and Most Admired Attorneys.

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