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January 29, 2020
Law360 Names Cravath a 2019 "Banking Practice Group of the Year"

On January 28, 2020, Cravath was featured as one of Law360’s “Banking Practice Groups of the Year.” The article highlights the Firm’s corporate and litigation departments’ representations of clients in their most complex and significant banking‑related matters.

Partner Michael S. Goldman spoke to Law360 about the Firm’s work to secure financing for Occidental in its $57 billion acquisition of Anadarko, which required close coordination on banking, capital markets and M&A matters on a short time scale. Michael also discussed the Firm’s ongoing representation of PG&E, which involved the arrangement of $5.5 billion of debtor‑in‑possession financing, among the largest DIP financings ever done, at the same time Cravath was advising PG&E on litigation and restructuring‑related matters.

Partner Lauren A. Moskowitz noted the Firm’s representation of Credit Suisse in ending nearly 17 years of Enron‑related litigation for client Credit Suisse, which highlighted Cravath’s ability to leverage multiple generations of legal talent behind a single client through long and multi‑layered litigation. Lauren also discussed the Firm’s successful representation of Credit Suisse Securities in a shareholder suit, and the article cited the Firm’s work to secure dismissal of litigation against client Morgan Stanley.

Please click here to read the article.