Steven F. Cherry

Steven F. Cherry has over 30 years of experience in representing companies and individuals in antitrust investigations by the US Department of Justice, investigations by state attorneys general, and civil litigation, including class actions, multidistrict litigation and arbitration. He also has worked closely with local counsel in representing clients before antitrust agencies around the world. According to Chambers USA, he is widely recognized by his peers as “an exceptional lawyer” and “phenomenal practitioner” and “unquestionably the best antitrust lawyer in town,” who “commands huge respect in the antitrust area and is particularly noted for his experience in international cartel and grand jury investigations.”

Professional Activities

Mr. Cherry is the author of numerous publications (including an upcoming book on cartel enforcement and litigation), and has spoken at numerous bar events, private industry and other seminars (including before various foreign agencies), on cartel investigations and litigation, class actions and arbitration.


  • Antitrust Investigations

    Mr. Cherry has been featured in various publications for his work on some of the largest and most complex antitrust (cartel) investigations and litigation in history. He has been lead counsel in defense of numerous international cartel investigations involving various industries, including Generic Pharmaceuticals, Auto Parts, Container Shipping, Vehicle Carrier (Ro-Ro) Shipping, Freight Forwarding, TFT-LCD Flat Panels, Flash Memory, Parcel Tanker Shipping Services, various chemicals, financial services, and other products and services—including defense of Antitrust Division investigations, state attorneys general investigations, and coordination of foreign proceedings. He has successfully persuaded enforcement agencies to close investigations without taking enforcement action, has negotiated the largest reduction in criminal antitrust fine in US history, and successfully navigated clients through some of the most complex leniency/amnesty applications in history.
  • Class Actions

    Lead counsel in defense of numerous class actions, including those involving antitrust and other competition-related claims. Has defeated numerous class actions, including following evidentiary hearings. Won landmark Second Circuit ruling in Parcel Tanker Shipping case, requiring arbitration of direct purchaser claims, and subsequently won landmark US Supreme Court ruling rejecting class arbitration where the contracts were silent on class arbitration.
  • Other Litigation

    • Defended (and in other cases prosecuted) numerous non-cartel antitrust disputes, including disputes based on monopolization, predatory pricing, tying and other antitrust claims, as well as related business disputes (e.g., tortious interference with contract, breach of contract, etc.).
    • Defended plan fiduciaries and investment firms in multi-million dollar ERISA cases.
    • Defended natural gas company in corporate-control litigation involving claims in excess of $2 billion arising out of failed merger.
    • Defended private equity firm in arbitration of $100 million plus contract dispute with former partner.
    • Represented managed care organization in arbitration of $45 million contract dispute against pharmacy benefits management firm.
    • Defended former bank chairman and CEO in arbitration of $30 million dispute with former executive involving fraud and other claims.
    • Represented European distributor of healthcare products in multi-million dollar litigation against US manufacturer.


  • Awarded Global Competition Review's 2017 award for Litigation of the Year: Cartel Defense for class action defense of DENSO Corporation
  • Recognized in the 2015–2020 editions of Chambers Global: The World's Leading Lawyers for Business for Antitrust and Cartel
  • Named in the 2015–2021 editions of Chambers USA: America's Leading Lawyers for Business nationwide and in the District of Columbia for Antitrust (Cartel) ("unquestionably the best antitrust lawyer in town," "reasonable, persuasive and practical," "exceptional," "phenomenal practitioner," "commands huge respect in the antitrust arena and is particularly noted for his experience in international cartel and grand jury investigations," "very talented, extremely smart, responsive and creative," "with a well-earned reputation for getting a very good resolution for his client") 
  • Recommended in the 2016–2018 and 2021 editions of The Legal 500 United States for his antitrust cartel practice
  • Named a 2015–2022 Benchmark Litigation: National Litigation Star and National Practice Area (Antitrust) Star
  • U.S. News Media Group Ranking of Best Law Firms ("extremely smart and strategic," "outstanding expertise and superb skills," "highly dedicated," "best out of the best lawyers in this area")
  • Selected to the 2021 Washington DC Super Lawyers lists as a top-rated lawyer in antitrust litigation, and to the 2019 and 2020 lists for business litigation

Insights & News


  • Education

    • JD, University of Michigan Law School, 1989

      cum laude Note Editor, Michigan Law Review
    • MPA, Indiana University, 1986

    • BS, Indiana State University, 1983

  • Admissions

    • Virginia

    • District of Columbia

    • Illinois

  • Clerkships

    • The Hon. Robert R. Beezer, US Court of Appeals for the Ninth Circuit, 1989 - 1990