Steven S. Scholes - McDermott Will & Emery


Steven (Steve) S. Scholes is a member the Firm’s management committee and the global head of McDermott’s Litigation Practice Group. His practice focuses on SEC investigations, shareholder litigation, including class and derivative actions, and internal investigations. Steve is an experienced trial lawyer, and he has tried civil, criminal and administrative cases in federal and state courts.  He regularly represents clients before the Securities and Exchange Commission, state securities regulators and self-regulatory organizations, such as the Financial Industry Regulatory Authority, the Public Company Accounting Oversight Board and stock, options and futures exchanges. He has served as the global operations partner for the Firm’s Litigation Practice Group and the partner-in-charge of both the Chicago Trial Department and the Firm’s SEC Defense Group.

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  • Represents Allstate Corporation in a securities class action concerning auto insurance claims frequency information
  • Represents Premier, Inc. in shareholder derivative litigation in Delaware state court arising out of certain corporate transactions
  • Represents former senior management of PG&E Corporation in shareholder derivative and shareholder class litigation arising out of the 2017 North Bay Fires and 2018 Camp Fire
  • Represents the former Chief Legal Officer of First Energy Corporation in shareholder derivative litigation, a shareholder class action, and government investigations arising out of an alleged scheme to bribe the Speaker of the House of Representatives in the State of Ohio

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  • Chambers USA, 2020-2024
  • The Best Lawyers in America, Litigation – Securities and Criminal Defense: White-Collar,  2019 to 2024, in addition to “Lawyer of the Year” in 2020, 2022 and 2023
  • Benchmark Litigation 2008 to 2022

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  • Co-Chair of annual PLI Internal Investigation program since 2015
  • American Bar Association, member of the Federal Regulation of Securities Committee, as well as the subcommittees on Criminal Laws and Civil Litigation and SEC Enforcement Matters
  • Association of SEC Alumni

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University of Illinois College of Law, JD, cum laude, 1985
Eastern Illinois University, BA, with highest distinction, 1981


Supreme Court of the United States
US Court of Appeals for the Second Circuit

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