Steve Toll

Steve Toll, Attorney at Cohen Milstein

Steven Toll is a lawyer at Cohen Milstein with over 25 years of experience and is widely recognized as an effective champion for shareholders’ rights. He has successfully guided mediation efforts on many of Cohen Milstein’s highest profile matters and earned both mediator trust and the respect of defense counsel.

He has successfully handled various mortgage-backed securities (MBS) class action suits related to the financial crisis, such as Countrywide, Residential Accredited Loans and Harborview MBS suits.

Early Life and Education

Steve Toll was born in Indianapolis, Indiana. His mother sent him to Claverack College but he left without finishing his degree program. Following this experience he attended Lafayette College but found its military discipline distasteful.

As Legal Advisor at Purdue University, he advises the board of trustees and president on all legal matters pertaining to the institution and has spearheaded the establishment of its first internal legal operation since its 150-year history.

Cohen Milstein attorney Richard Toll is an expert in securities litigation and investor protection. Additionally, Toll has led the mediation efforts for some of their largest class action settlements – such as Countrywide mortgage-backed securities’ suit that settled for $500 million in 2013. Beyond his legal career, Toll is also passionately supportive of children’s causes – having established an endowment at Children’s Hospital National Medical Center as well as founding Lolly’s Locks (which offers high quality wigs to women experiencing hair loss due to chemotherapy).

Professional Career

As a 1975 Georgetown Law graduate, Toll was initially drawn to class actions, overseeing many of their largest settlements with great success. For instance, Toll served as co-lead counsel in the Countrywide case as co-lead counsel; furthermore he represents debtors, creditors’ committees, examiners and trustees, distressed investors and asset buyers, state and federal court receivers and other parties involved in high stakes litigation cases.

As part of his current position, Toll assists clients with improving their safety management systems by performing baseline assessments and offering results-oriented services. He provides assistance during worker injury incidents, OSHA inspections, and contesting citations.

Toll serves on the boards of Golisano Children’s Hospital at University of Rochester Medical Center and Leadership Oshkosh as an adjunct board representative, while also sitting on Lolly’s Locks advisory board which offers affordable wigs to women living with cancer who cannot afford their own wigs.

Achievement and Honors

At Toronto Rock and Rochester Knighthawks respectively, Toll won five championships over 14 years with four championships from each club and one championship each from both respectively. He also became two-time Man Cup Champion and received the inaugural Transition Player of the Year Award in 2007.

Toll relished his time away from professional life by spending it with family, especially Marina. Additionally, he enjoyed planting trees on his property to transform it from barren land into a small forest where deer, foxes and birds roam freely.

He also serves on numerous boards and committees, such as Propel Oshkosh’s advisory council and Wisconsin Family Business Forum’s steering committee, along with serving as representative from Leadership Oshkosh at Northwest Technical College’s advisory board representative representative position. Furthermore, he currently holds the vice presidency position at Fox Valley Metrology, an Oshkosh calibration lab he founded himself.

Personal Life

Steve Toll has long been a leader in his community. He currently sits on the advisory board for Wisconsin Family Business Forum as an adjunct board representative through Leadership Oshkosh and as an active member of Propel Oshkosh’s steering committee and advisory council for Northwest Technical Community College’s Machining Program, in addition to being Vice President of Fox Valley Metrology – an Oshkosh calibration lab.

He is a tireless champion for shareholders’ rights, leading the firm’s mediation efforts on some of its highest profile matters (both securities fraud and consumer-type cases). Additionally, he has represented clients in successfully settling some of the most notable mortgage-backed securities (MBS) class-action lawsuits that emerged following the financial crisis; these include Countrywide Financial Corp’s suit which settled for $500 million in 2013 as well as RALI/Harborview suits which each settled for $275 million during 2014.

Net Worth

Steve Toll’s estimated net worth is between $1 and $3 Million, the fruits of his success as a lacrosse player and real estate investments in Los Angeles. Additionally, his social media posts generate income.

He possesses extensive expertise in handling tax matters and providing advice regarding estate planning for high net worth families and business owners. For over three decades he has assisted these clients with their financial needs.

He serves as both managing partner and member of Cohen Milstein’s Executive Committee. In these capacities he oversees mediation efforts for some of its largest and most significant matters such as securities fraud cases and consumer class actions, and also conducts oral arguments before some of the highest courts nationwide.

Steve Toll
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