Wednesday, May 2, 2012

Myron Cherry’s Fee-contingent Commercial and Class Litigation Expertise


Myron Cherry is founder and Managing Partner of Myron M. Cherry & Associates LLC, a Chicago law practice that has achieved significant success in the past decade against much larger New York law firms. Mr. Cherry earned his L.L.B. from Northwestern University, where he served as Editor of the Northwestern University Law Review and was inducted into the Order of the Coif. He continues to maintain affiliation with  Northwestern University Law School as Adjunct Professor of Trial Practice.

Myron M. Cherry & Associates LLC, has established a reputation as one of the few established U.S. law practices that frequently pursue large-scale commercial litigation work on a wholly and partially contingency basis. This flexible strategy brings legal accessibility to clients who could not otherwise afford to pursue major court cases.

In recent years, Myron Cherry and his associates have been involved in two prominent cases: the $47 million 2010 Mansfield v. Air Line Pilots Association International (ALPA) settlement and the $26 million 2006 Ventas v. Sullivan & Cromwell settlement. The former case involved a class action law suit brought against ALPA, alleging that United Air Lines pilots’ interests were not protected in pension agreements negotiated during the airline’s patent company’s bankruptcy. More than 2,000 pilots benefitted from this precedent-setting decision, one of the largest settlements ever achieved in a fair representation case.

In 2006, Mr. Cherry achieved a $25.5 million out-of-court settlement in Ventas v. Sullivan & Cromwell  which prevented a $186 million legal malpractice suit from reaching trial. In the case, Ventas, Inc. alleged that Sullivan & Cromwell had a conflict of interest in simultaneously representing its spun-off healthcare entity Kindred Healthcare and the parent firm Ventas (which transitioned into a real estate investment trust).

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