Stephen J. Siegel
- Closely Held Corporation Disputes
- Employment Disputes
- Energy Disputes
- Real Estate Litigation
- Securities Litigation
Stephen J. Siegel is a partner of Novack and Macey LLP. Steve represents businesses and individuals in seeking cost-effective solutions to their commercial disputes. He represents both plaintiffs and defendants, at trial, on appeal and in arbitration and mediation proceedings. Steve has a particular depth of experience in closely-held business and investment disputes involving claims of securities fraud and breach of fiduciary and contractual duties; energy disputes; non-compete, trade secrets and employment termination disputes; and real estate litigation. He has been selected for inclusion among Illinois “Leading Lawyers,” which recognizes the top five percent of attorneys in the State as selected by peers and an independent panel.
In recent years Steve has taken a leading role in obtaining:
- An $18 million settlement, reached during arbitration, of a liquidated damages claim in favor of a coal purchaser against a large coal producer for the producer’s failure to deliver low-priced coal as market prices rose;
- A $20 million arbitration award in favor of investors for mismanagement and securities fraud in two closely-held investment vehicles;
- A landmark decision in favor of a health care provider under ERISA, the Employee Retirement Income Security Act. The United States Court of Appeals for the Fifth Circuit concluded that ERISA did not preempt the provider’s state law claims against a national insurance company for negligent misrepresentation, statutory misrepresentation and promissory estoppel;
- An arbitration award and federal district court judgment in favor of a publicly-held energy company, restraining frivolous multi-million dollar litigation in Guatemala and directing payment of all of our client’s attorney’s fees incurred in the arbitration, a ruling which freed our client to sell its Guatemala assets;
- Settlements for five former clients of broker Frank Gruttadauria, who misappropriated over $100 million from several dozen of his clients, while misrepresenting to them that their accounts had grown to approximately $275 million in value. Steve obtained settlements (confidential in amount) from Lehman Brothers, SG Cowen and others;
- An arbitration award in favor of a retail power seller denying a commercial customer’s claim for purported overcharges and awarding our client all of its arbitration expenses;
- The removal of an illegal billboard that stalled completion of a shopping center development, after the Illinois Appellate Court affirmed the trial court’s entry of summary judgment in our client’s favor;
- An arbitration award in favor of a retail gas supplier awarding our client every dollar it sought in damages, attorney’s fees and arbitration expenses on its claim to enforce two unsigned contract amendments;
- A mandatory injunction for a client charged with fraud by the public company to whom she had sold her consulting business, which permitted her to sell millions of dollars of restricted stock she received in the disputed merger transaction, a victory that was followed by a seven-figure settlement payment reported in the company’s next SEC filing;
- A seven-figure judgment after trial, affirmed on appeal, on a building owner’s claims against both a contractor and its principals; and
- The dismissal of a putative consumer class action at the outset of the suit before the expense of class certification and merits proceedings could even begin, in a victory that was affirmed on appeal to the Illinois Appellate Court.
Steve is also a trained mediator and is qualified to mediate a wide variety of business disputes.
Steve is a member of the Leadership of the Section of Litigation of the American Bar Association (ABA). He recently was appointed to co-chair the 2013 Section Annual Conference of the ABA Section of Litigation set for April 24-26, 2013, in Chicago. Approximately 1,000 attorneys are expected to attend.
Steve is a member of the Board of Governors of the Chicago Council of Lawyers, a preeminent legal reform organization. In addition, he is a member of the Energy Bar Association and serves on the Advisory Board of The Institute for Energy Law. Steve also volunteers at A Just Harvest, a soup kitchen and community development organization in Chicago’s Rogers Park area, and has been active in a wide range of other legal and civic organizations.
Before joining Novack and Macey in 1993, Steve served as law clerk to United States District Judge Morey L. Sear (E.D. La.) and practiced at Latham & Watkins LLP. He also previously served as a legislative assistant to then-U.S. Rep. Harry M. Reid (D.-Nev.) (now U.S. Senate Majority Leader).
- Middlebury College (B.A. 1984), Cum Laude
- University of Michigan Law School (J.D. 1990), Cum Laude
- United States Court of Appeals for the Fifth Circuit and the District of Columbia Circuit
- United States District Courts for the Northern and Central Districts of Illinois
- Trial Bar of the United States District Court for the Northern District of Illinois
SPEECHES AND PUBLICATIONS
- The Stock Issuer’s Dilemma: How Duties to Shareholders Limit an Issuer’s Options in Employee Disputes, in Business Law Today, October 29, 2012. PDF
- Steve Siegel Explains When and How to Use ADR Cost-Effectively to Resolve Legal Disputes. PDF
- Recovering Attorney Fees for Litigation Work Performed by In-House Counsel. PDF
- In-House Decisions: “Extrajudicial” Waiver Does Not Necessarily Result in Broad Subject Matter Waiver. PDF
- In-House Decisions: Offers by Corporate Counsel to Represent Employees Personally – A Cautionary Story. PDF
- In-House Decisions: Counsel’s Recollection of Internal Investigation Held Nondiscoverable. PDF