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	STEPHEN WALD, Shareholder Email:  wald@craigmacauley.com Craig and Macauley Professional Corporation Federal; Reserve Plaza 600 Atlantic Ave. Boston, MA 02210 Phone:  (617) 367-9500 Fax:  (617) 742-1788

Areas of Practice

Stephen Wald is a Shareholder of Craig and Macauley.  As a trial attorney, he represents clients in all areas of civil litigation, including disputes involving business relationships, employment matters, workouts, and environmental law. Mr. Wald tries cases in state, federal, and bankruptcy courts.  He also represents clients in arbitrations and before government bodies involved with land use and the environmental issues. His clients include public companies, closely held business, partnerships, and individuals. 

Representative Matters

• International Trademark Rights.  Represented international manufacturer regarding worldwide rights to certain trademarks.  After five days of trial in the U.S. District Court for the District of Connecticut, the parties settled and the client now owns the trademarks.

• Computer Payroll Company v. Paychex, Inc., et al.   Represented a payroll business in dispute against Paychex, Inc., a subsidiary, and others.   In 2007, after an eleven-week trial, a jury awarded Mr. Wald’s client $26,000,000 for damages and punitive damages.  In 2010, the verdict was affirmed in full, and Paychex paid $38,000,000 to satisfy the judgment and interest.  An article on Mr. Wald’s cases against Paychex, entitled Big Paychex For Plaintiffs, appeared in Massachusetts Lawyers Weekly, September 24, 2007.

• Other Litigation Against Paychex.  Represented 20 other payroll companies against Paychex and others in state and federal courts in Los Angeles.   Obtained a jury verdict of $6,200,000 against a Paychex subsidiary in the first case that went to trial and a specific performance award in the second trial.  After a failed defense strategy to avoid further trials by putting its subsidiary into bankruptcy, and following bankruptcy court orders that forced Paychex to guarantee its subsidiary’s debts, all but one of the cases against Paychex were favorably settled.

• Gender Discrimination Verdict Against Fortune 500 Company.  Represented the first woman chemical engineer at her Fortune 500 employer to supervise a production line.  In 1999, obtained a jury verdict of $1,250,000 for gender discrimination and punitive damages.

• Lender Liability Against National Bank.   Obtained a jury verdict of $1,000,000 against Fleet National Bank on behalf of real estate developer with lending and joint venture relationship concerning the redevelopment of the historic Harvard Free Hospital For Women In Boston.

Other cases in which Mr. Wald has obtained million and multi-million dollar recoveries or defended clients in substantial matters include:

• Rights on retirement of a founder of the area’s largest regional accounting firm.
• Formation and initial public offering of REIT.
• Environmental remediation and “property damage” for historic mill building.
• Remediation costs for site of what had been the largest fertilizer plant in the U.S.
• Insurance coverage for environmental claims.
• Defense of class actions.

Awards and Professional Activities

Mr. Wald has also been recognized as a “Super Lawyer” by Law and Politics and Boston Magazine.  Mr. Wald is also a member of the Boston and Massachusetts Bar Associations.

Bar and Court Admissions

• Massachusetts
• New York
• United States District Court for the District of Massachusetts
• United States Courts of Appeals for the First and Ninth Circuits

Education

Mr. Wald received his A.B. from Vassar College (1976) and his J.D., cum laude, from Boston College Law School (1982).