Stephen Teti is a senior associate at Block & Leviton LLP, and with nearly a decade of experience litigating complex securities fraud, antitrust, and consumer class actions, he serves as a lead case investigator at the Firm.
Steve’s antitrust matters include In re Thalomid & Revlimid Antitrust Litig., No. 14-cv-6997 (D.N.J.), a class action alleging that the defendant’s extensive anticompetitive conduct excluded generic alternatives for Thalomid and Revlimid, two drugs used to treat rare but deadly conditions, from entering the market, causing end payors to incur millions of dollars in overcharges. Steve helped to recover $34 million for the class. Steve is also a member of the team representing direct purchasers in In re Broiler Chicken Antitrust Litig., No. 16-cv-8637 (N.D. Ill.), a class action alleging that broiler chicken producers engaged in a price ﬁxing conspiracy. Steve is also a member of the team representing direct purchasers in In re Pork Antitrust Litig., No. 18-cv-1776 (D. Minn.), a class action alleging that pork producers engaged in a price ﬁxing conspiracy.
Steve has recovered tens of millions of dollars in securities fraud class actions for shareholders. Steve’s securities successes include City of Birmingham Ret.& Relief Sys. v. MetLife, Inc., Case No. CV-2012-902101 (Ala. Cir. Ct.) ($9.75million settlement); Rosenberg v. Cliffs Natural Resources, Inc., No. 2014 CV828140 (Ohio Ct. Com. Pleas) ($10 million settlement); and Niitsoo v. Alpha Natural Resources, Inc., No. AD-303-2014 (Pa. Ct. Com. Pleas) ($3.6 million settlement).
Steve has also represented banks and financial institutions in high-profile data security breach class actions nationwide. Representative matters include In re Home Depot Inc. Customer Data Security Breach Litig., 14-md-2583 (N.D. Ga.)($27.25 million settlement; served on Plaintiffs’ Coordination & Discovery Committee); In re Target Corp. Customer Data Security Breach Litig., 14-md2522 (D. Minn.) ($59 million settlement); and WinSouth Credit Union v. Mapco Express, Inc., No. 14-cv-1573 (M.D. Tenn.) (largest dollar-per-card settlement obtained on behalf of financial institutions involving data breach of credit and debit card information).
Steve joined Block & Leviton after practicing securities, derivative, and consumer class litigation for six years at a nationally-recognized plaintiffs’ law ﬁrm in Connecticut. He previously clerked for the judges of the Connecticut Superior Court. During law school, Steve served as Publications Editor of the Quinnipiac Law Review, a judicial extern to the Honorable Stefan R. Underhill in the United States District Court for the District of Connecticut, an intern for the State of Connecticut Office of the Attorney General, and as a legislative extern to the Judiciary Committee of the Connecticut General Assembly.