Cravath partners G.J. Ligelis Jr., Christopher K. Fargo, Alyssa K. Caples and Margaret T. Segall co‑authored the U.S. Law & Practice chapter of the Chambers Investing In… 2026 guide, which was published in January 2026. The guide, which is part of the publisher’s Global Practice Guide series, examines country‑specific legal issues that arise from foreign direct investment (“FDI”) and cross‑border transactions in the more than 30 jurisdictions covered. The U.S. Law & Practice chapter surveys the legal system and regulatory framework for FDI in the country, analyzing the economic climate as well as considerations related to mergers and acquisitions, corporate governance, capital markets, antitrust, national security, tax, employment and intellectual property.

On February 7, 2026, Cravath of counsel Kathryn‑Ann Stamm participated in the New York regional round of the Saul Lefkowitz Moot Court Competition, hosted by the International Trademark Association. Kathryn‑Ann served as a judge for the event, where she evaluated the oral arguments presented by each team. The competition introduces law students to important issues arising in U.S. trademark law and real‑world practice, with this year’s problem focused on damages and whether courts may reach profits of non‑party affiliates, raising corporate‑entity and legal‑structuring questions.

On February 6, 2026, Lawdragon named Cravath partners William V. Fogg and Lauren Angelilli to its annual list of Lawdragon Legends, which this year recognizes 22 lawyers nationwide who have been repeatedly featured among Lawdragon’s list of the “500 Leading Lawyers in America.” The list recognizes the lawyers who “contribute to their firm, the profession and to life in meaningful and dimensional ways.”

On February 3, 2026, Cravath partner Sasha Rosenthal‑Larrea participated in The L Suite’s General Counsel Roundtable Dinner in San Francisco, California. Sasha co‑led discussion around the topic “Rebuilding Contracting Strategy for AI: Risk Allocation and Accountability,” which explored how legal teams are adapting frameworks to address emerging opportunities and risks presented by AI.

On February 4, 2026, the Superior Court of California, County of Alameda, sustained with prejudice Cravath clients Pacific Gas & Electric Company and PG&E Corporation’s (together, “PG&E”) demurrer to a putative negligence class action lawsuit seeking to hold PG&E responsible for increased property insurance premiums across California.

On February 5, 2026, Cravath partner Evan A. Hill participated in “Hot Topics in Bankruptcy,” a hybrid CLE program co-hosted by the Association of Commercial Finance Attorneys and the City Bar Bankruptcy Committee. The program, which featured bankruptcy and restructuring professionals, reviewed key developments in the field, including recent failures in off-balance sheet financing, the use of Article 9 and Assignments for the Benefit of Creditors (ABCs) for distressed going concern sales, latest developments in Liability Management Exercises (LMEs) and whether bankruptcy remote SPVs continue to stand up to scrutiny.

Cravath represented the underwriters in connection with the $6 billion registered floating and fixed-to-floating rate notes offering of JPMorgan Chase & Co., a leading global financial services firm. The transaction closed on January 22, 2026.

Cravath represented the underwriters in connection with the $500 million registered high-yield notes offering of Murphy Oil Corporation, a worldwide oil and gas exploration and production company. The transaction closed on January 23, 2026.

Cravath partner Andrew C. Compton participated in the Forum on North American Infrastructure Investments, which was presented by Cambridge Forums from February 4‑6, 2026, in New Orleans, Louisiana. Through discussions between senior in-house counsel, institutional investors and external lawyers, the Forum explored trends and developments in direct investments in major infrastructure projects from across North America to discern best practices for successfully completing transactions and addressing the long-term risks and challenges facing investors.

Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with $5.5 billion of credit facilities made available to Cencora, Inc., as part of the financing transactions undertaken in connection with its acquisition of OneOncology, a physician‑led national platform empowering independent medical specialty practices rooted in oncology. Cencora, Inc. is a leading global pharmaceutical sourcing and distribution services company. The credit facilities consisted of a $1.5 billion term loan facility, a $3.0 billion term loan facility and a $1.0 billion commitment increase under an existing revolving credit facility. The transaction closed on January 12, 2026.

Cravath released the Winter 2026 issue of its Alumni Journal, which highlights the Firm’s global alumni community. This issue features the career journey of Susan Jong, the Head of Corporate Legal and Corporate Secretary at Amazon, as well as a recent conversation with Jason Dymbort, the Executive Vice President, General Counsel and Secretary at First Solar, Inc. This edition also spotlights several alumni who have gone on to work in venture capital, or at start-ups and other companies navigating territory that comes with new technologies and market dynamics, and includes photos from the Firm’s October 2025 Alumni Reception held at the American Museum of Natural History in Manhattan. 

On January 30, 2026, the United States District Court for the Eastern District of New York granted with prejudice Cravath client Elsevier B.V.’s (“Elsevier”) motion to dismiss an antitrust lawsuit alleging an international conspiracy to fix prices and suppress competition in peer‑reviewed scholarly journal publishing.

On February 2, 2026, Hain Celestial Group, a leading global health and wellness company, announced that it has reached a definitive agreement to sell its North American Snacks business, including Garden Veggie Snacks™, Terra® chips and Garden of Eatin’® snacks, to Snackruptors Inc., a Canadian, family‑owned snacks manufacturer, for $115 million in cash. Cravath is representing Hain Celestial Group in connection with the transaction.

Cravath represented AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust in connection with their $1.75 billion registered senior notes offering. AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust are wholly owned subsidiaries of AerCap Holdings N.V., the global leader in aircraft leasing. The notes were listed on the Irish Stock Exchange. The transaction closed on January 15, 2026.

On January 29, 2026, Cravath partner Margaret T. Segall participated in GCR Live Global: Navigating the Future of Antitrust 2026, which was held from January 28‑30 in Miami, Florida. Maggie was featured on a panel entitled “Mergers: Novel Theories of Harm – Where are the Limits?” which examined regulators’ efforts to test the boundaries of traditional merger control through emerging theories of harm, including whether such theories are truly novel or extensions of existing frameworks, whether the applicable standards of proof are being met, how killer and reverse killer acquisitions are assessed and whether alleged ecosystem harms are already addressed under existing foreclosure theories.

On January 27, 2026, Cravath published the first edition of its Artificial Intelligence Developments Newsletter, which includes a high‑level review of activity across technical, regulatory, legal, and market areas of AI in the last three months.  

Cravath represented the initial purchasers in connection with the $1 billion 144A/Reg. S high‑yield senior notes offering of Six Flags Entertainment Corporation, Canada's Wonderland Company and Millennium Operations LLC. Six Flags is North America’s largest regional amusement‑resort operator with 26 amusement parks, 15 water parks and nine resort properties across 16 states in the U.S., Canada and Mexico. The transaction closed on January 14, 2026.

On January 26, 2026, Cravath partner David J. Kappos participated in the Association of Corporate Patent Counsel’s 2026 Midwinter Meeting, which was held from January 25‑28 in Orlando, Florida. The program featured presentations and interactive discussions covering intellectual property topics and best practices. Dave spoke on a panel entitled “The Future of IP Policy.”

On January 26, 2026, Cravath partner Elad Roisman participated in Northwestern Pritzker School of Law’s 53rd Annual Securities Regulation Institute, which was held from January 26‑28 in Coronado, California. Elad spoke on a panel entitled “Accounting & Auditing: Hot Topics for 2026,” which reviewed the shifting regulatory landscape under new SEC leadership. The discussion covered staffing changes at the Commission, best practices for the SEC waiver and preclearance process and the current state of PCAOB auditing standards. The panel also addressed FASB disclosure updates for 2025 10‑Ks and 2026, as well as practical strategies for navigating non‑GAAP issues and recent accounting comment letter trends.

Cravath represented the European Investment Bank (“EIB”) in connection with its $6 billion SEC 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 January 13, 2026.