Chip Sheppard is a shareholder in the Litigation/Dispute Resolution and Transactional Practice Groups of Carnahan, Evans, Cantwell & Brown, P.C. He concentrates his practice in the areas of medical marijuana, hemp, licensing, business, real estate, employment, acquisitions, banking, contracts, municipal, planning and zoning, securities and intellectual property transactions, litigation and dispute resolution.
A substantial portion of Mr. Sheppard’s practice is focused in Missouri’s newest industries: medical marijuana and hemp; representing business groups across the state seeking licensing and certifications, as well as advising doctors, medical practices and health systems and others navigating the newest Article to the Missouri Constitution and Missouri’s new hemp law.
Mr. Sheppard’s practice also includes securities and other fraud and fiduciary duty related claims, both as an arbitrator and as counsel for the parties. Mr. Sheppard has tried a combined total of more than 50 arbitrations, state and federal trials, both jury and non-jury, in his areas of concentration. Other areas of concentration are various business transactions, acquisitions, real estate development and related litigation and probate litigation.
Mr. Sheppard received his bachelor’s degree from Missouri State University in 1980 and his law degree, as an E. Eugene Mason Endowed Scholar, in 1983 from Southern Methodist University School of Law.
He is a past board member and past President of the Springfield Metropolitan Bar Association, current board member of the Springfield Metropolitan Bar Foundation, Chairman of the Non-Partisan Court Plan Committee, member of the American Bar Association, the Missouri Bar and the Public Investors Arbitration Bar Association. He is also a member of the National Cannabis Bar Association; Board of Directors, Missouri Medical Cannabis Trade Association, Inc.; member of Missouri Cannabis Industry Association; and continues to be a medical marijuana advocate.
In 2005 he was elected as a Fellow of the American Bar Association, an honor bestowed upon less than .5 percent of the Bar and was selected in 2005 and 2006 and again in 2010-2017, to the “Super Lawyer” list by Law & Politics Magazine (top 5% according to peer review). In 2008, he Co-Chaired the Greene Countians for Fair and Impartial Judges Committee which was responsible for bringing the Missouri Court Plan to Greene County, was a finalist for Missouri Lawyer of the Year and received the Missouri Bar Association and Springfield Metropolitan Bar Association President’s Awards in recognition of extraordinary service to those Associations and the legal profession. In February 2020, he was named Best Business Lawyer – Springfield/Southwest Missouri by Greenways Magazine, The Missouri Cannabis Industry Publication. He has also been perennially rated “AV” (highest rating) by Martindale Hubbell. Finally, he has been named to the “Best Lawyers in America” list by the publication of the same name.
Mr. Sheppard is a former arbitrator for the American Arbitration Association, New York Stock Exchange, and has served as an arbitrator for the Financial Industry Regulatory Authority (FINRA f/k/a NASD) since 2000.
Mr. Sheppard’s community involvement includes serving as former Trustee and Chair of the Ozarks Technical Community College, former Chair of the OTC Foundation Board, former director of Hickory Hills Country Club (2003-2011) and member of the Chamber of Commerce Governmental Relations Legislative Policy, Voice of Business and Emerging Issues Committees. He also serves as an Elder and Trustee at First and Calvary Presbyterian Church. Mr. Sheppard has also served on the Board of Directors for Leadership Springfield, and the Housing Authority of Springfield and other community non-profits.
Sampling of Notable Cases:
- 2014: Represented Plaintiffs in Reynolds, et al. v. City of Springfield, et al. pursuing claims against the City of Springfield and its City Council Members for the unconstitutional violation of Plaintiffs’ civil rights arising from the alleged conspiracy of the Defendants to prevent a city ballot issue asking voters to approve the lowering of penalties and expungement for marijuana possession offenses. Settled: $240,000.00.
- 2013: Represented local businesses against the City of Springfield successfully obtaining an injunction to prohibit the City from violating Plaintiffs’ civil rights by stopping the enforcement of an unconstitutional law burdening businesses with a City Code immigration law.
- 2008: Represented Banta Foods, Inc. as lead counsel in the sale of its assets and real estate to Reinhardt FoodService, LLC and its affiliate.
- 1988-present: Lead counsel in more than fifty (50) federal and state court and arbitration intellectual property and securities matters that settled confidentially.
- 2008: Mr. Sheppard received a unanimous Greene County jury verdict alleging violation of the Missouri Securities Act fraud provisions against an individual promoter and the issuer in the amount of approximately $500,000.00, which included the original investment, interest and attorney’s fees on behalf of a Greene County resident.
- 2005: Obtained an NASD award against A.G. Edwards for $151,974.82 plus $25,412.76 in interest, $43,701.64 for attorney fees, $5,929.75 for costs and expenses, and $16,921.25 for expert fees, all on behalf of a Washington University professor alleging breach of fiduciary duty in a non-discretionary account.
- 2002: Obtained a $1,385,000 NASD arbitration award against A.G. Edwards based on unsuitability and over concentration in his clients non-discretionary brokerage accounts.
- 2001: Counsel to Wayne Newton in Wayne Newton: Tony Orlando v., in the United States District Court, Western District of Missouri which was resolved confidentially as to all claims and counterclaims.
- 2000: Obtained a full release and dismissal of claims for a guarantor client on a $600,000 guaranty of a car dealership line of credit.
- 1998: Obtained a $385,000 quantum meruit jury verdict in a small Southwest Missouri county as the value of introducing a local real estate developer to Wayne Newton.
- 1995, 1996: Counsel for the Springfield Twisters and other related entities in attempts to bring Double A Minor League baseball with major league affiliation to the Springfield, Missouri area.
- 1994: Represented Iowa Realty in the purchase of Southwest Missouri’s largest real estate firm, Carol Jones Realtors, as lead counsel in that acquisition.
- 1992: Represented Claimants in a securities arbitration proceeding against Paine, Webber and its registered representative on a suitability claim, resulting in an award of actual and punitive damages exceeding $320,000, despite the fact that the registered representative was the son-in-law of the claimants. The actual out-of-pocket losses, including interest, were less than $175,000.
- 1990: Represented Claimants in a 10-day securities arbitration proceeding resulting in a $450,000 actual damage award and a $450,000 punitive damage award against Stifel, Nicolaus and its registered representative after three other claimants had failed to recover any award whatsoever in three separate arbitration proceeding against the same broker and the same firm for the exact same type of trading activity. Mr. Sheppard did not represent the three prior claimants.
Southern Methodist University School of Law, J.D., 1983
Missouri State University, B.S., Accounting, with honors, 1980
Planning and Zoning