Steven M. Wald


St. Louis, Missouri


314-899-2925 (F)



Steve helps landowners get compensation from the government when their

private property is taken for public use. He litigates inverse condemnation

claims involving recreational, highway, rail and utility projects. One of his

primary focus areas is Rails-to-Trails litigation, which stems from the

development of public recreational trails on former railroad rights of way.

Steve has recovered millions of dollars for companies, farmers and private

citizens across the country. Among his recent successes:

  • Sutton v. United States – Represented 37 landowners in a suit over the

    taking of a nine-mile strip of land in Yolo County, California. The land

    in question had an easement for the Sierra Northern Railway for rail

    operations; when the train service stopped, the government converted

    the rail corridor into a recreational trail. Steve successfully argued that

    the landowners deserved compensation, and the parties reached a $2.9

    million settlement.

  • Longnecker Property, et al., v. United States – Represented 65 landowners

    in a suit after the federal government authorized a recreational trail on a

    three-mile right of way in Thurston County, Washington. Railroads had

    originally obtained easements to operate on this land between 1890 and

    1911; Steve argued the new trail use interfered with landowners’

    property interest and constituted a taking of property for public use.

    The parties reached an $11.2 million settlement.

  • Furlong, et al., v. United States – Obtained a $13.4 million settlement for

    272 landowners in Albany County, New York. The plaintiffs own land

    along a nine-mile stretch of defunct railroad that is being converted into

    a public recreational trail. Steve negotiated the settlement agreement

    short of a scheduled trial.

Steve earned his master’s degree in business administration; he works with

clients who have a demonstrable business case for a claim, and he approaches

litigation with research, discipline and sensibility.

Steve has more than two decades of experience in civil litigation. Prior to co-

founding Stewart, Wald & McCulley, he served as a partner at two Midwest

firms, where his work included property claims, shareholder litigation,

insurance coverage disputes, consumer fraud claims, and other breach of

contract and fraud claims. He is adept at managing document-heavy cases

and working with experts in business valuation and real estate appraisals.

Before entering private practice, Steve served as a law clerk for the

Honorable Tom Stagg, U.S. District Court for the Western District of



Missouri Supreme Court
Illinois Supreme Court
Texas Supreme Court
United States Court of Federal Claims
United States Court of Appeals for the Federal Circuit


Speaker - April 23, 2009, ABA Legal Professional Liability Seminar, Miami, FL; "Case Developments"

Speaker - April 11, 2007, DRI Insurance Claims and Coverage Institute, Chicago, IL; "The Tripartite Relationship: Recognizing the Landmines"

Speaker - October 24, 2006, BKD Forensics Group, St. Louis, MO; "Traps for the Unwary Expert: How to Avoid Problems in Drafting Reports, Providing Testimony, and Producing Information"

Speaker - Legal Victory of 1999 for the National Food Processors Association,

Speaker - May 14, 1999, St. Louis, MO
"The Ten Best Ways to Protect Your Business When Selling or Purchasing Goods"

Speaker - October 9, 1999, National Food Processors Association Annual Food Defense Conference, Tucson, AZ



Washington University in St. Louis, M.B.A., 2002

Louisiana State University, J.D., 1994 Ithaca College, B.S., 1991


Inverse Condemnation
Complex, Class Action & Commercial Litigation
Professional & Management Liability


Court of Federal Claims Bar Association