Cravath’s London Office Moves to 100 Cheapside
March 30, 2022
On March 24, 2022, Benchmark Litigation honored Cravath at the publication’s tenth annual East Coast Awards, which was held in New York City in celebration of “the country’s most distinguished litigators and their firms for their exemplary work over the past twelve months.” The Firm was awarded Benchmark Litigation’s “General Commercial Firm of the Year” award, which recognized Cravath’s major wins on behalf of clients including the Boston Red Sox, Goldman Sachs and The Williams Companies. Cravath partner Gary A. Bornstein accepted the award on behalf of the Firm.
Cravath was also shortlisted for “Antitrust Firm of the Year,” “New York Firm of the Year,” “Securities Firm of the Year” and “Trial Firm of the Year.” Partner Antony L. Ryan was shortlisted for “Securities Litigator of the Year,” and partner Kevin J. Orsini was shortlisted for “General Commercial Litigator of the Year” and “Trial Lawyer the Year.”
Pictured above, partner Gary Bornstein (right) at the Benchmark Litigation East Coast Awards ceremony.
Deals & Cases
March 24, 2022
On March 21, 2022, the U.S. Court of Appeals for the Second Circuit affirmed the U.S. District Court for the Southern District of New York’s dismissal of a purported class action lawsuit brought by fantasy sports contestants against Cravath client Boston Red Sox Baseball Club, L.P. (the “Red Sox”), as well as Major League Baseball and MLB Advanced Media, L.P. (collectively “MLB”) and the Houston Astros, LLC (the “Astros”).
Deals & Cases
January 19, 2021
On January 19, 2021, the New York Appellate Division, First Department, affirmed the complete dismissal of claims against Cravath client Goldman Sachs (“Goldman”) by the New York State Supreme Court’s Commercial Division in May 2020. Those claims by Goldman’s former client, United Natural Foods, Inc. (“UNFI”), alleged breach of contract and fraud relating to Goldman’s handling of the syndication of a term loan that UNFI used to finance its $3 billion acquisition of SuperValu Inc. UNFI sought to recover damages in excess of $230 million, representing recoupment of fees paid and other costs of syndication, as well as incremental interest costs it expects to pay over the life of the loan.
Deals & Cases
January 05, 2022
On December 29, 2021, the Delaware Court of Chancery granted judgment in favor of Cravath client The Williams Companies, Inc. (“Williams”) in a dispute with Energy Transfer, LP (“ETE”) over a contractual termination fee following the parties’ unconsummated $37.7 billion combination. Following a six‑day trial held in May 2021, and subsequent post‑trial briefing and oral argument, the Court issued its decision ordering ETE to pay Williams a $410 million termination fee, plus interest and reasonable attorneys’ fees and expenses.
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