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After spending two years clerking for the United States District Court for the Western District of Louisiana, Steve Wald has been practicing litigation since 1996. Steve also has an MBA from Washington University in St. Louis.

Steve's practice is focused on plaintiffs’ class action claims for Fifth Amendment takings of land. Specifically, Steve brings claims on behalf of landowners against the United States government in rails-to-trails litigation, which involves the taking of landowners’ “reversionary” property rights in land within railroad rights of way resulting from the federal government’s authorizing a limited railroad purpose easement to be used instead as a recreational trail easement.

Steve also handles complex commercial civil litigation, in both federal and state courts, usually involving millions of dollars, the production of tens of thousands of documents, and the use of multiple liability and damages experts. Steve has litigated a variety of cases, including property claims, subrogation-type claims by insurers for alleged negligent and fraudulent professional services rendered by a flood zone determination company, shareholder litigation, software design and implementation claims, insurance coverage disputes, bad faith claims, employment related cases, fraudulent transfer claims, claims by a bank against a boat dealership relating to perfection of liens, trade secret claims, consumer fraud claims, and other breach of contract and fraud claims.

He has defended attorneys from legal malpractice lawsuits, including claims arising out of bankruptcies, complex financing arrangements, patent prosecution, defense of a retaliatory discharge action, executive compensation advice, and employment discrimination actions. He has defended doctors from various medical malpractice claims.

Steve also has experience in employment matters involving discrimination claims, non-compete and non-solicitation agreements, and executive compensation, including obtaining a federal jury verdict for a terminated executive for approximately $500,000. Steve has also represented individuals and businesses in catastrophic injury claims.

He has worked with experts in many different fields, including insurance underwriting, accounting, compensation plans, practice of law, practice of medicine, banking, insurance claims handling by adjusters and coverage counsel, business interruption damages, personal property damages, business valuation, real estate appraisals, and accident reconstruction.


  • Missouri
  • Illinois
  • Texas
  • U.S. Court of Federal Claims
  • U.S. Court of Appeals, Federal Circuit


  • Washington University in St. Louis, M.B.A., 2002
  • Louisiana State University, J.D., 1994
  • Ithaca College, B.S., 1991

Memberships & Activities

  • Court of Federal Claims Bar Association
  • ABA, Legal Professional Liability Section
  • DRI Insurance Law Committee, Member 


  • Co-editor, DRI Professional Liability Newsletter, 2006.
  • Co-Author, MoBar CLE, Civil Actions, 1997 Supplement, Chapter 3, Actions Under UCC Article 2.
  • Author, Shreveport Bar Review, Federal Casenotes (1995-1996).
  • Author, The Left-For-Dead Fiction of Corporate "Presence" Is it Revived by Burnharr? 54 La. L. Rev. 187 (1993).


  • Speaker, Case Developments, April 23, 2009, ABA Legal Professional Liability Seminar, Miami, FL.
  • Speaker, The Tripartite Relationship: Recognizing the Landmines, April 11, 2007, DRI Insurance Claims and Coverage Institute, Chicago, IL.
  • Speaker, Traps for the Unwary Expert: How to Avoid Problems in Drafting Reports, Providing Testimony, and Producing Information, October 24, 2006, BKD Forensics Group, St. Louis, MO.
  • Speaker, Legal Victory of 1999 for the National Food Processors Association, October 9, 1999, National Food Processors Association Annual Food Defense Conference, Tucson, AZ.
  • Speaker, The Ten Best Ways to Protect Your Business When Selling or Purchasing Goods, May 14, 1999, St. Louis, MO.

Awards & Recognition

  • Board of Editors, Louisiana Law Review

News & Events

BSCR Sponsors U.S. Court of Claims Annual Judicial Conference

11.19.12 | BSCR was a sponsor of the 25th Annual Judicial Conference held at the National Courts Building in Washington, DC, November 15, 2012. The conference agenda included a panel discussion on Rails-to-Trails Litigation. . .


Trails Group Resolves Numerous Cases Across the Country

The Trails Group has represented thousands of landowners across the country and obtained liability rulings leading to numerous settlements in all cases resolved thus far. . .