Steve Levy is a principal in the firm's Litigation Group. His practice focuses on complex litigation, including prosecuting commercial real estate foreclosures, the representation of banks, including their affiliated securities broker-dealers, and other commercial lenders, defense of consumer class actions, and defense of securities fraud claims. In addition, in the past several years, Mr. Levy has tried cases involving commercial lease disputes, insurance broker malpractice claims and insurance coverage disputes, employment issues, and several cases arising out of commercial bankruptcies, such as trials in which Goldberg Kohn's lender-client objected to the proposed use of the lender's cash collateral or sought the appointment of a receiver.
Mr. Levy speaks frequently on consumer class action issues. He has been a panelist at the Chicago Bar Association's seminar “The Fair Debt Collection Practices Act: An Overview” and has discussed class action litigation under the Act. Mr. Levy has also spoken at several Illinois Creditors Bar Association seminars dealing with class action issues, and has been a faculty member at the American Conference Institute's Consumer Finance Class Actions & Litigation seminar.
Mr. Levy is admitted to practice in the Illinois State Courts; in the United States Supreme Court; in the United States Court of Appeals, Fourth, Seventh and Ninth Circuits; U.S. District Court, Northern District of Illinois, including the Trial Bar; and U.S. District Court, Central District of Illinois. Mr. Levy has a national litigation practice, having litigated in courts throughout the country. He has the highest AV Preeminent rating from Martindale-Hubbell and has been recognized in Chambers USA. He received his law degree, magna cum laude, from the University of Illinois in 1988 and was a member of the Order of Coif. He received his B.S., cum laude, from Miami University in 1985.
Prosecuting a number of commercial foreclosure actions, including Zions First National Bank v. Brown, No. 2007 CHK 949 (Circuit Court of Kane County), involving the foreclosure of a mortgage on a three story office building in downtown Elgin, Illinois; Cole Taylor Bank v. Pasquinelli-Theodores Crossing, LLC et al., No. 08 CH 5164 (Circuit Court of Will County), involving the foreclosure of the remainder of a residential real estate development; Charter One Bank, N.A. v. Amberley Courtyard Homes, LLC, No. 09 CH 144 (Circuit Court of Lake County), involving the foreclosure of a residential real estate development; and CBRE Realty Finance CDO 2007-1, Ltd. V. Granite Centre-Delaware LLC et al., No. 08 CH 02197 (Circuit Court of Cook County), involving the foreclosure of a seven story office building in Schaumburg, Illinois.
- Defending dozens of consumer class actions, including class actions asserting violations of the Fair Debt Collection Practices Act and violations arising out of banking and mortgage lending activities. In several of these actions, the courts denied class certification, and the cases were promptly settled for nominal amounts.
- Defending a finance company alleged to have controlled or aided and abetted its borrower in selling in excess of $100 million of subordinated notes in violation of the securities laws.
- Representing a brokerage in a case asserting that the brokerage's former employee was engaged in violation of the former employees' non-solicitation and confidentiality obligations.
- Defending a finance company at the District Court and Appellate Court levels on a case of first impression interpreting the Illinois Credit Agreements Act.
- Defending an underwriter of municipal bonds against a $32 million securities fraud claim brought by the buyer of the bonds.
- Successfully defending a publicly traded company against claims of securities fraud and antitrust violations allegedly committed in connection with the client’s purchase of a closely held corporation, in which the plaintiffs sought in excess of $30 million. The court dismissed the plaintiffs' securities and antitrust claims with prejudice.
- Defending three individuals who sold the stock of a closely held corporation to a publicly traded corporation and were later sued for securities fraud and related claims. The case settled at an early stage, before substantial litigation expenses were incurred, for approximately 10 percent of the plaintiff’s claimed damages.
- Obtaining a judgment of approximately $900,000 after trial on behalf of the purchaser of an insurance policy, against the broker who procured the policy, on the grounds that the policy was defective.
- June 8, 2012
- Goldberg Kohn Recognized in 2011 Chambers Global and Chambers USA as a Top Law Firm in the United StatesJune 10, 2011
- June 16, 2010
- February 2, 2008Documentary Credit World
- The Seventh Circuit Broadly Interprets the Illinois Credit Agreements Act to Protect Providers of Commercial CreditSeptember 1, 2001
- University of Illinois, J.D., magna cum laude, 1988
- Miami University, B.S., cum laude, 1985
- United States Supreme Court
- United States Court of Appeals for the Fourth, Seventh and Ninth Circuits
- United States District Court for the Northern District of Illinois, including the Trial Bar
- United States District Court for the Central District of Illinois