Cravath’s New York Office Moves to Two Manhattan West
Deals & Cases
September 19, 2024
Cravath represented the European Investment Bank (“EIB”) in connection with its $5 billion registered notes offering. The purpose of the EIB is to contribute to the balanced and steady development of the internal market among Member States of the European Union. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on August 27, 2024.
Accolades
September 19, 2024
On September 4, 2024, Cravath partner Michael J. Zaken was named by Global Competition Review to its 2024 “40 Under 40” list, which recognizes “the next generation of leading antitrust practitioners.” In a Q&A feature associated with the accolade, Michael discussed his recent work for client Epic Games in an antitrust trial victory against Google, as well as the crucial influence on his legal career of Cravath partners Christine A. Varney and Gary A. Bornstein. Reflecting on his advice for junior lawyers, Michael emphasized the importance of “diving headlong into your cases” and learning every fact about the industry, which makes you “an indispensable resource to the firm and to the client.”
Activities & Publications
September 19, 2024
In September 2024, Cravath partner Michael L. Arnold was appointed chair of the American Bar Association Business Law Section’s Federal Regulation of Securities Committee. The committee provides meetings, programs and information to practitioners covering a wide range of securities law topics and is a significant resource to the U.S. Securities and Exchange Commission through comment letters. Michael previously served as vice‑chair of the committee.
Deals & Cases
September 19, 2024
On September 13, 2024, the United States District Court for the Southern District of New York dismissed a putative class action antitrust lawsuit brought by Oklahoma Firefighters Pension and Retirement System, a public pension fund for Oklahoma firefighters, against five banks and their United States affiliates, including Cravath client Morgan Stanley and co‑defendants Deutsche Bank, Citigroup, HSBC and RBC.
Activities & Publications
September 18, 2024
Cravath partner John D. Buretta authored a chapter on the current issues affecting bribery & corruption practices in the U.S. for The Legal 500’s “Bribery & Corruption Country Comparative Guide,” which was published in June 2024. The chapter, co‑authored by of counsel Megan Y. Lew, reviewed the definition of bribery, recent and emerging trends in investigations and enforcement, the biggest challenges enforcement agencies/regulators face when investigating and prosecuting cases of bribery and corruption, and more.
Activities & Publications
September 16, 2024
On September 13, 2024, Cravath partner Michael L. Arnold participated in the American Bar Association’s 2024 Business Law Section Fall Meeting, which was held from September 12‑14 virtually and in San Diego, CA. Michael moderated a session entitled “Dialogue with the Director,” interviewing Erik Gerding, director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission.
Activities & Publications
September 13, 2024
On September 11, 2024, as part of The Media Institute’s Communications Forum luncheon series in Washington, D.C., Cravath partner and former FTC Commissioner Noah Joshua Phillips interviewed current FTC commissioner Alvaro Bedoya in a fireside chat, during which they discussed a host of topics of current or potential interest to the Federal Trade Commission.
Activities & Publications
September 12, 2024
On September 11, 2024, Cravath partner Elad Roisman delivered the keynote address at the 2024 DFIN Activate Executive Summit, which was held September 10‑11, 2024, in San Diego, CA. The event convened executives and risk and compliance professionals to discuss topics including cybersecurity, ESG and SEC regulatory updates.
Deals & Cases
September 10, 2024
On September 9, 2024, IBM announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications. This acquisition expands IBM's Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management and customer transformation. Cravath is representing IBM in connection with the transaction.
Activities & Publications
September 10, 2024
On September 10, 2024, Cravath partner Margaret T. Segall participated in “Hot Topics for In‑House Counsel 2024,” a program presented by the Practising Law Institute in New York. Maggie spoke on a panel entitled “Global Antitrust Issues for In‑House Counsel,” which reviewed developments in the international and domestic antitrust landscape affecting in‑house counsel, including global trends, coordination among agencies and new approaches to mergers.
Podcasts
September 10, 2024
Ali Denning is a partner in the Trusts and Estates Department at Cravath. In the Season 8 premiere of On Tax, she and fellow Cravath partner and host Len Teti discuss how her diverse interests as an undergraduate led her to test out different paths and eventually pursue a service‑oriented career in law. Ali also talks about the importance of listening and communication in her work and shares her approach to fostering new talent at the Firm.
Accolades
September 06, 2024
On September 5, 2024, Cravath was named the recipient of the New York Law Journal’s 2024 “Litigation Department of the Year” award in the General Litigation category, the publication’s highest firmwide honor for litigation practice. The Firm was honored at the New York Legal Awards for a period that saw it earn numerous major successes on behalf of clients across industries, including Epic Games in an antitrust trial victory against Google, Robinhood in the sprawling and high-profile “meme stock” litigation and PG&E in its successful defense against a putative class action involving wins in multiple courts.
Accolades
September 06, 2024
On September 6, 2024, Lawdragon announced the inclusion of 37 Cravath partners in its list of the “500 Leading Litigators in America.” The list, assembled based on research and vetting by peers, recognizes the “the best litigators the U.S. has to offer” who represent entities in cases spanning the areas of antitrust, finance, government investigations, intellectual property, M&A and securities, among many others.
Accolades
September 06, 2024
On September 5, 2024, LMG Life Sciences honored Cravath at the publication’s 2024 Americas Awards, which recognize “the region’s most distinguished practitioners and their firms for their exemplary work in the Life Sciences legal practice.” The Firm was honored with an Impact Case of the Year award for its successful defense of Amgen against a Federal Trade Commission challenge to Amgen’s acquisition of Horizon Therapeutics. Cravath partner David R. Marriott accepted the award on behalf of the Firm.
Deals & Cases
September 05, 2024
On September 5, 2024, Verizon Communications Inc. and Frontier Communications Parent, Inc. (“Frontier”), the largest pure‑play fiber provider in the U.S., announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all‑cash transaction valued at $20 billion. Cravath is representing Frontier in connection with the transaction.
Activities & Publications
September 04, 2024
Cravath partners Benjamin Gruenstein, Sasha Rosenthal‑Larrea and Evan Norris and Variant deputy general counsel Daniel Barabander co‑authored an article entitled “Cybersecurity Liability for Web3 Platforms: Key Issues and Risk Mitigation Solutions,” which was published by Bloomberg Law on September 4, 2024. The article explores the liability landscape faced by web3 platforms in the wake of a cybersecurity incident, including potential for negligence, breach of contract and breach of fiduciary duty claims, as well as securities law shareholder derivative claims. The article also details how parties can mitigate their risk through the integration of proactive security solutions.
Deals & Cases
September 03, 2024
Cravath represented the underwriters in connection with the $1 billion registered fixed‑to‑floating rate senior notes offering of State Street Corporation, a provider of a broad range of financial products and services to institutional investors worldwide. The transaction closed on August 20, 2024.
Accolades
August 30, 2024
On August 29, 2024, the New York Law Journal published a Q&A with Cravath partners Gary A. Bornstein and Kevin J. Orsini in connection with the Firm’s recognition as a 2024 Litigation Department of the Year finalist. In the Q&A, Gary and Kevin discussed the Firm’s work for clients in the last year, including representing Epic Games in its antitrust litigation challenging core aspects of Google’s app store policies; a string of successes for Robinhood in its “meme stock” litigation; and a victory for PG&E before the California Supreme Court related to power shutoffs to prevent wildfires. Gary and Kevin also highlighted the Firm’s “paramount focus on our clients’ business needs and goals” to deliver “both a positive result in the litigation at hand as well as strategic impact to advance the clients’ long‑term business goals.”
Deals & Cases
August 29, 2024
Cravath represented the underwriters in connection with the $500 million senior notes offering of Essential Utilities, Inc., a holding company for regulated utilities providing water, wastewater and natural gas distribution services to an estimated five million people in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Kentucky, West Virginia, Indiana and Virginia. Essential Utilities, Inc. was formerly known as Aqua America, Inc. The transaction closed on August 15, 2024.
Deals & Cases
August 28, 2024
On August 23, 2024, the U.S. District Court for the Southern District of New York ruled that 19 children in a longstanding lawsuit could proceed as a class representing all children in the New York City foster care system, an important milestone for plaintiffs represented by Cravath on a pro bono basis alongside co‑counsel at A Better Childhood (“ABC”). Judge Kimba Wood issued the decision after the Second Circuit Court of Appeals reversed a prior ruling denying class certification in September 2023.
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