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Cravath Publishes Winter 2026 Issue of Alumni Journal

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News & Insights

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 and Ryan J. Patrone and included associates Danielle A. Solaru, Mikayla L. Harris and Peter A. Sotos.

Related Practices & Industries

  • Corporate
  • Financial Institutions Group (FIG)
  • Corporate Governance and Board Advisory
  • Capital Markets
  • Emerging and Founder-Led Companies
  • Litigation
  • Investigations and Regulatory Enforcement
  • Venture Capital & Growth Equity
  • Financial Services and Insurance
  • Fintech
  • Technology
  • Blockchain, Cryptocurrency and Digital Assets

People

Photo
Name
John W. White
Title
Corporate
Title
Partner
Email
jwhite@cravath.com
Phone
+1-212-474-1732
vCard
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    Education

    • J.D., 1973, New York University School of Law
      Order of the Coif, cum laude
    • B.S., 1970, University of Virginia
      with Honors

    Admitted In

    • New York
    Photo
    Name
    Ryan J. Patrone
    Title
    Corporate
    Title
    Partner
    Email
    rpatrone@cravath.com
    Phone
    +1-212-474-1280
    vCard
    Download vCard

      Education

      • J.D., 2015, New York University School of Law
        Order of the Coif; Florence Allen Scholar, magna cum laude
      • B.S., 2012, University of Florida
        summa cum laude

      Admitted In

      • 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.

      Cravath Bicentennial

      Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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