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Steven Shepard

Susman Godfrey

2026_BM US_Litigation Star.png
Position: Partner
Rating:
  • Litigation Star
Practice Areas:
Bankruptcy
Insurance
International arbitration
Commercial
Jurisdictions:
Biography

Steven M. Shepard is a first-chair trial lawyer who represents plaintiffs and defendants in complex commercial cases across the United States. He has tried many cases to verdict, several of them as first-chair. Mr Shepard has been recognized by the New York Law Journal, the American Antitrust Institute, and Benchmark Litigation for his litigation successes. He is consistently recognized by New York Metro Super Lawyers and has repeatedly been named a “Leading Plaintiff Financial Lawyer” by Lawdragon 500.

Landmark Wins

Mr. Shepard has appeared in courts in Arkansas, California, D.C., Delaware, Florida, Illinois, Kentucky, Michigan, New York, Nevada, New Jersey, Puerto Rico, Tennessee, and Texas, racking up precedent-setting wins along the way. Some of these victories include:

  • Securing settlements valued at $135 million in a False Claims Act case against Verizon, AT&T, and Sprint over allegations of fraudulently overbilling government entities in California and Nevada.

  • Representing Walmart Inc. in constitutional litigation, securing a judgment that Puerto Rico’s discriminatory transfer tax violated the Dormant Commerce Clause—a trial victory unanimously affirmed by the First Circuit.

  • Securing settlements that exceed $1 billion for consumers impacted by antitrust violations in In re: Automotive Parts Antitrust Litigation, the largest anti-trust action ever brought in the United States. 

  • Securing a $40.5 million settlement in a False Claims Act case against Apria Healthcare Group, Inc.

  • Winning a $50.3 million verdict for patent infringement against Ardagh Group on behalf of Green Mountain Glass. This verdict ranked among the National Law Journal’s “Top 100 Verdicts” of that year.

  • Securing settlements of more than $450 million in a False Claims Act case against Novartis Pharmaceuticals Corporation and other defendants.

  • Securing victories against a federal regulation implementing the “No Surprises Act,” on behalf of LifeNet, Inc., and East Texas Air One, LLC. Shepard argued the case in front of Judge Jeremy Kernodle, who found that the regulation challenged by Susman Godfrey “conflicts with the unambiguous statutory text and must be set aside.”

  • Secured $19 million settlement with Laboratory Corp. of America on behalf of two whistleblower clients. In this False Claims Act case, our clients alleged that the lab testing giant was part of a conspiracy to pay kickbacks to doctors, in order to induce the doctors to order blood tests from two other companies.

Background

After graduating from Yale Law School, Mr. Shepard served as law clerk to the Honorable Anthony M. Kennedy, Associate Justice of the Supreme Court of the United States and the Honorable Alex Kozinski, Judge of the U.S. Court of Appeals for the Ninth Circuit.  After clerking, Mr. Shepard served honorably for four years in the U.S. Navy’s Judge Advocate General’s Corps.

Recent matter/case highlights
  • Secured settlements valued at $135 million in a False Claims Act case against Verizon, AT&T, and Sprint over allegations of fraudulently overbilling government entities in California and Nevada.

  • Represented Walmart Inc. in constitutional litigation, securing a judgment that Puerto Rico’s discriminatory transfer tax violated the Dormant Commerce Clause—a trial victory unanimously affirmed by the First Circuit.

  • Secured settlements that exceed $1 billion for consumers impacted by antitrust violations in In re: Automotive Parts Antitrust Litigation, the largest anti-trust action ever brought in the United States.

  • Secured a $40.5 million settlement in a False Claims Act case against Apria Healthcare Group, Inc.

  • Won a $50.3 million verdict for patent infringement against Ardagh Group on behalf of Green Mountain Glass. This verdict ranked among the National Law Journal’s “Top 100 Verdicts” of that year.
Key practice areas
  • Appellate
  • Arbitration
  • Commercial
  • Commercial disputes
  • Competition/antitrust
  • Dispute resolution
  • Government and regulatory
  • Plaintiff
  • False Claims Act
Academic qualifications
  • J.D. - Yale Law School    
  • B.A. - The University of Virginia    
  • Law Clerk to the Honorable Anthony M. Kennedy - Supreme Court of the United States, 2008-2009
  • Law Clerk to the Honorable Alex Kozinski - United States Court of Appeals for the Ninth Circuit, 2007-2008
Bar admissions
  • New York    
  • Virginia