Four Decades for Justice
Cravath represented the initial purchasers, led by J.P. Morgan Securities, Citigroup and Credit Suisse, in connection with the US$300 million 144A/Reg. S high‑yield senior debt offering of WLH PNW Finance Corp., a temporary issuer under William Lyon Homes, Inc. and one of the largest Western U.S. regional homebuilders. Proceeds from the offering will be used to finance the acquisition of PNW Home Builders L.L.C. by William Lyon Homes. The transaction closed on August 11, 2014.
The Cravath team included partner William J. Whelan III and associates Jacquelyn N. Arcati and Cameron S. Stanton. Summer associates Sarah R. Jacobson and William A. Magioncalda also worked on this matter.
Deals & Cases
October 12, 2023
On October 10, 2023, following a full trial on the merits and an appeal to the Delaware Supreme Court, Cravath client The Williams Companies, Inc. (“Williams”) secured a victory resulting in a judgment of more than $600 million.
Deals & Cases
August 29, 2022
On August 25, 2022, the Delaware Court of Chancery granted in full Cravath client The Williams Companies, Inc.’s (“Williams”) motion for interest, attorneys’ fees and expenses, totaling more than $185 million at the time the motion was taken under submission. The decision followed post‑trial discovery, briefing and oral argument between January and May 2022.
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