Evan Chesler, Cravath, Swaine & Moore

Tell us about your biggest trial win from January 2017 to July 2018 and how you achieved the result for your client.  American Express was facing allegations that certain provisions in its merchant agreements were anticompetitive. Though we lost following a two-month bench trial in the district court, we were able to re-examine our argument to reach success on appeal in the Second Circuit. This year, I handled the U.S. Supreme Court appeal—my first argument before the nation’s highest court. I argued that AmEx’s business model does not restrain competition because its impact should be considered with respect to consumers, not just merchants, as it takes both coming together through a credit infrastructure to accomplish a transaction. The Supreme Court agreed, newly defining how federal antitrust law applies to two-sided markets.