Circle’s Regulatory Clarity Amidst IPO Process
July 01, 2025
Cravath represented Circle Internet Financial, LLC on SEC regulatory matters concerning the non‑applicability of securities laws to payment stablecoins, concurrent with Circle Internet Group Inc.’s initial public offering.
The Cravath team was led by partners Jelena McWilliams, John W. White, D. Scott Bennett, Benjamin Gruenstein and Ryan J. Patrone and included of counsel Ellen H. Park and associates Danielle A. Solaru, Mikayla L. Harris and Peter A. Sotos.
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People
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J.D., 2002, University of California, Berkeley, School of LawHighest Honors for JD thesis.
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B.A., 1999, University of California, BerkeleyAlumni Scholar, Dean's Honor List, High Distinction
- District of Columbia
- California
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J.D., 1973, New York University School of LawOrder of the Coif, cum laude
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B.S., 1970, University of Virginiawith Honors
- New York
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J.D., 2006, Emory University School of Law
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B.A., 2002, Duke University
- New York
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J.D., 1999, Harvard Law Schoolmagna cum laude
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A.B., 1996, Harvard CollegePhi Beta Kappa, summa cum laude
- New York
- District of Columbia
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Admitted In
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J.D., 2015, New York University School of LawOrder of the Coif; Florence Allen Scholar, magna cum laude
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B.S., 2012, University of Floridasumma cum laude
- New York
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J.D., 2017, Harvard Law Schoolcum laude
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B.A., 2013, University of California, San Diego
- New York
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February 10, 2025
FactSet’s Acquisition of LiquidityBook
On February 10, 2025, FactSet, a global financial digital platform and enterprise solutions provider, announced the acquisition of LiquidityBook, a leading provider of cloud‑native buy- and sell‑side trading solutions, for a gross purchase price of $246.5 million in cash. Cravath is representing FactSet in connection with the transaction.
Deals & Cases
January 22, 2025
CardWorks’s Acquisition of Ally’s Credit Card Business
On January 22, 2025, CardWorks, Inc. (“CardWorks”), a leader in credit and payments, and Ally Financial Inc. (“Ally”), a financial services company with the nation’s largest all‑digital bank and an industry‑leading auto financing business, announced that they have entered into a definitive agreement for CardWorks, and its wholly‑owned bank subsidiary, Merrick Bank, to acquire Ally’s credit card business, including a portfolio of $2.3 billion in credit card receivables with 1.3 million active cardholders as of December 31, 2024. Cravath is representing CardWorks in connection with the transaction.
Deals & Cases
November 19, 2024
Robinhood’s Acquisition of TradePMR
On November 19, 2024, Robinhood Markets, Inc. (“Robinhood”) announced that it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors. Final deal consideration is expected to be approximately $300 million, subject to customary purchase price adjustments, consisting of a mix of cash and stock. Cravath is representing Robinhood in connection with the transaction.
Deals & Cases
October 25, 2024
L&G’s Investment in Taurus Investment Holdings
On October 25, 2024, Legal & General (“L&G”), one of the U.K.’s leading financial services groups and a major global investor, announced its strategic investment in Taurus Investment Holdings, LLC (“Taurus”), a Boston‑based, global real estate private equity firm, alongside an initial commitment of up to $200 million in seed capital to multifamily real estate. Cravath is representing L&G in connection with the transaction.
