Steven L. Bloch is a partner at Silver Golub & Teitell and a leader of the firm's Class Action and Complex Civil Litigation practice groups. Steven represents pension and retirement funds, institutional investors, governmental entities, union funds and Taft-Hartley funds, businesses, and individuals in the litigation of class actions and direct actions involving financial services, insurance, healthcare, antitrust, securities, employee benefits, data privacy and consumer fraud. In addition, Steven has a wide range of complex commercial litigation experience involving corporate disputes, civil RICO, business torts, banking and credit instruments, real estate, and labor and employment.
Practice areas
Class Action/Mass Torts: Plaintiff
- 100% Class Action/Mass Torts: Plaintiff
First Admitted: 1992, Connecticut
Professional Webpage: https://www.sgtlaw.com/attorney/steven-bloch/
Bar / Professional Activity
- Admitted to Connecticut Bar, 1992
- Admitted to New York Bar, 1993
- Pennsylvania
- U.S. District Court, Eastern District of Pennsylvania
- U.S. District Court, Eastern District of New York
- U.S. District Court, Southern District of New York
- U.S. Court of Appeals, Third Circuit
- U.S. Court of Appeals, Second Circuit
Verdicts / Settlements (Case Results)
- AllianzGI Structured Alpha Mutual Fund Litigation Settlement on behalf of a certified class of investors in a series of mutual funds managed by Allianz Global Investors U.S. LLC alleging violations of the Securities Act based on AllianzGI’s failure to follow its stated investment strategy and risk management protocols. (Jackson v. Allianz Global Investors U.S. LLC, Sup. Ct., N.Y. County, Index No. 651233/2021) ($145 million), 2023
- Becker v. American Family Life Assurance Company of Columbus and AFLAC, Inc. Settlement on behalf of a certified class of policyholders against AFLAC, Inc. concerning AFLAC’s adjustment practices and limited benefits under supplemental disability income policies. (Becker v. American Family Life Assurance Company of Columbus and AFLAC, Inc., D.S.C., Case No. 05-2101) ($7 million).
- AllianzGI Structured Alpha Hedge Fund Litigation. Confidential settlements on behalf of investors in hedge funds managed by Allianz Global Investors U.S. LLC alleging that AllianzGI failed to failure to follow its stated investment strategy and risk management protocols in breach of its duties and obligations to investors. (Retirement Program for Employees of the Town of Fairfield, et al v. Allianz Global Investors U.S. LLC, S.D.N.Y., Case No. 20-cv-5817; In re AllianzGI Structured Alpha Class Action Litigation, S.D.N.Y., Case No. 20-cv-07154)
- Dodona I, LLC v. Goldman, Sachs & Co. et al. Settlement on behalf of a certified class of investors alleging violations of the Exchange Act and state laws against Goldman Sachs in structuring and marketing collateralized debt obligations. (Dodona I, LLC v. Goldman, Sachs & Co. et al., S.D.N.Y., Case No. 10-cv-07497) ($27.5 million)
- Spencer v. The Hartford Financial Services Group, Inc. et al. Settlement on behalf of a certified class involving claims of civil RICO and fraud against The Hartford Financial Services Group, Inc. and affiliates concerning The Hartford’s structured settlement practices. (Spencer v. The Hartford Financial Services Group, Inc. et al., D. Conn., Case No. 05-cv-1681) ($72.5 million)
- Nationwide Mutual Insurance Company v. O’Dell. Settlement on behalf of a certified class of policyholders against Nationwide Mutual Insurance Company arising out of Nationwide’s practices in connection with statutorily-required optional levels of underinsured (UIM) and uninsured (UM) motorist coverage under automobile insurance policies. (Nationwide Mutual Insurance Company v. O’Dell, West Virginia Circuit Court, Roane County, Case No. 00-C-37) ($75 million).
- Smith v. Collinsworth et al. Settlement on behalf of a certified class of policyholders against United American Ins. Co. and its affiliates and agents concerning the sale of limited benefit health insurance. (Smith v. Collinsworth et al., Circuit Court of Saline County, Arkansas, Case No. CV2004-72-2) ($30 million).
Educational Background
- State University of New York at Albany, NY, Bachelor of Arts
Firm News (Newsletters)
- Law360 reported on a ruling by the Third Circuit Court of Appeals reviving a class action lawsuit against Bayer over benzene contamination in antifungal sprays. Silver Golub & Teitell partner Steven Bloch represents the plaintiffs in the case. In its ruling, the appellate court endorsed the theory that the potential benzene contamination in Lotrimin and Tinactin sprays rendered them worthless and deprived buyers of the recalled products of the benefit of the bargain they'd paid for, Law360 wrote in its coverage of the ruling. Bayer discovered the contamination as far back as 2018 and recalled millions of dollars' worth of the products in October 2021. Plaintiffs Juan Huertas and Eva Mistretta filed a proposed class action a month later, claiming that customers had suffered economic harm and now needed long-term medical monitoring due to an increased risk of developing cancer. In its ruling, the Third Circuit remanded the case to the trial court for further proceedings. "Plaintiffs have plausibly alleged that Lotrimin and Tinactin products that are unusable due to the contamination are necessarily worth less than the product when properly manufactured," U.S. Circuit Judge Cindy K. Chung wrote in a unanimous panel ruling. "The logic requires little elaboration: if a product contains a manufacturing flaw so severe that it cannot be used, it is not worth the full price purchasers paid with the understanding they would be able to use all of the product." The article is available here: Law360: 3rd Circ. Says Tainted Bayer Antifungals Clearly 'Worth Less' (subscription required), Law360 Reports on Third Circuit Ruling for Silver Golub & Teitell Clients Over Benzene in Bayer Products
- A federal appeals court has reinstated a case by Silver Golub & Teitell against Beech-Nut Nutrition Co. on behalf of parents who bought baby food containing unacceptably high levels of toxic metals, Law360 reported. A Second Circuit panel found that delays by the U.S. Food and Drug Administration in setting levels for lead, arsenic, cadmium and mercury would unnecessarily delay the parents' case. The ruling came just eight days after Silver Golub & Teitell partner Steven Bloch argued for the plaintiffs before the panel. The ruling overturned a decision by the U.S. District Court for the Northern District of New York, which had determined in January 2023 that the FDA had primary jurisdiction over the parents' case. "On balance, we conclude that the potential costs resulting from these indefinite delays outweigh any possible benefits that could be obtained from deferring to the agency," Law360 quoted the panel as saying. The article is available here: Law360: 2nd Circ. Revives Suit Over Metal Levels in Baby Food, Second Circuit Reinstates SGT Class Action Over Heavy Metals in Baby Food
- The settlement Silver Golub & Teitell LLP's clients reached with Allianz Global Investors on behalf of Allianz Global Investors mutual fund shareholders was the fifth-largest securities class action settlement of 2023, according to ISS Securities Class Action Services. ISS Securities Class Action Services' report entitled “Largest Securities-Related Class Action Settlements of 2023” released on January 18, 2023 summarized the settlement as follows:Allianz Global’s $145 million payout benefits shareholders of collapsed mutual funds that Allianz managed. The SEC had charged AllianzGI with abandoning its investment and risk management strategies in the management of the Structural mutual funds. This allegedly subjected investors to “undisclosed risk and ultimately led to the massive losses the funds incurred in February and March of 2020,” when the COVID-19 pandemic roiled markets . . . In May 2022, Allianz pled guilty to charges from the SEC regarding the management of its Structured Alpha strategies and agreed to pay more than $6 billion in restitution, including more than $1 billion into an SEC Fair Fund that was made available to investors. The securities class action accused Allianz of similarly harming investors and provides recovery to those investors.The settlement's ranking underscores SGT's expertise and commitment to securities litigation. SGT is proud to have obtained additional compensation for AllianzGI mutual fund shareholders above and beyond the $600 million+ fair fund the SEC required AllianzGI to establish for their benefit. The case was Jackson v. Allianz Global Investors U.S. LLC, Index No. 651233/2021 (N.Y.S.)., SGT's $145 Million AllianzGI Mutual Fund Settlement Fifth-Largest Securities Settlement of 2023
- A federal appeals court has reinstated a case on behalf of cryptocurrency investors who traded on the Coinbase platform. The lawsuit, Underwood v. Coinbase Global Inc., contends that Coinbase has been illegally operating an unlicensed securities exchange. In its ruling on April 5, the U.S. Court of Appeals for the Second Circuit said some Coinbase contractual agreements indicated users were buying tokens directly from Coinbase, overturning a lower court ruling that Coinbase did not hold title to coins being traded on its website. The unanimous order also reinstated some state law claims contained in the lawsuit. Law360 named Silver Golub & Teitell and co-counsel among its Legal Lions of the Week for the win. Partner Steven Bloch leads the Silver Golub & Teitell team representing the plaintiffs. The coverage is available here: Law360: Law360's Legal Lions of the Week (subscription required) Law360: 2nd Circ. Revives Coinbase Securities Class Action (subscription required), Second Circuit Revives Silver Golub & Teitell Securities Class Action Against Coinbase
Honors
- “AV” Martindale-Hubbell Peer Review Rated
- Named Pennsylvania Super Lawyers* “Rising Star”
Office location for Steven L. Bloch
1 Landmark Square
15th Floor
Stamford, CT 06901
Phone: 203-325-4491
Selected to Super Lawyers: 2025 
Selected to Rising Stars: 2005 
