Cravath partners Karin A. DeMasi, Rachel G. Skaistis, Lauren A. Moskowitz and Vanessa A. Lavely were recognized by Benchmark Litigation in the 2026 edition of “Top 250 Women in Litigation,” which honors “top players in their respective fields.” Inclusion in the list is based on a review of individual litigators’ professional activities, client feedback surveys and one on one interviews. This is the ninth consecutive year Karin and Rachel have been selected for inclusion in the publication. Lauren is recognized for the sixth year, and Vanessa is recognized for the second year.

Cravath partners Sharonmoyee Goswami, Lauren M. Rosenberg, David H. Korn, Brittany L. Sukiennik, Michael J. Zaken and Rebecca J. Schindel were named by Benchmark Litigation to its 2026 “40 & Under List.” The list honors “the top emerging talent in litigation” and was compiled through a process involving peer and client review, along with examination of individual cases.

On August 11, 2026, Bloomberg Law published an article by Cravath partners David J. Kappos, Sasha Rosenthal‑Larrea and Evan Norris, of counsel Dean M. Nickles and associate Lucille D. Finn entitled “Hasty Adoption of Internal AI Tools Can Expose Sensitive Data." The article outlines risks that companies should be aware of when AI tools are rolled out, including the potential for exposure of sensitive company data, and discusses mitigation options such as data access controls, data inventory, data integrity protection and human oversight.

On August 6, 2026, Harrow, a leading provider of ophthalmic disease management solutions in North America, announced that it has entered into a definitive agreement to acquire TYRVAYA® (varenicline solution) nasal spray 0.03 mg from Viatris Inc. (“Viatris”), a global healthcare company. TYRVAYA is a cholinergic agonist indicated for the treatment of the signs and symptoms of dry eye disease (DED) and is currently approved in the U.S., China, and Taiwan, with marketing authorization applications pending in other countries. Under the terms of the agreement, Harrow will pay $30 million in cash at closing and up to $70 million in contingent milestone payments tied to TYRVAYA's net sales, for a potential total consideration of up to $100 million. Cravath is representing Viatris in connection with the transaction.

On August 6, 2026, Cravath published the latest edition of its Cravath Data Privacy and Security Review newsletter. The Review provides an overview of recent U.S. state and federal legislative and regulatory developments, alongside U.S. and global enforcement trends and takeaways, in data privacy and cybersecurity for the first six months of 2026. 

Cravath represented the underwriters in connection with the $2 billion registered fixed rate/floating rate senior notes offering of The PNC Financial Services Group, Inc., one of the largest diversified financial services companies in the United States. The transaction closed on July 21, 2026.

Cravath represented Neoen Finco Plc in connection with its €650 million 144A/Reg. S high‑yield green senior secured notes offering. Neoen Finco Plc is a finance subsidiary of Neoen Limited, one of the world’s leading renewable energy companies with expertise in solar, onshore wind power and battery storage. Neoen is a Brookfield Renewable Partners portfolio company. The transaction closed on June 18, 2026.

On July 30, 2026, TMX Group, a global provider of data, listing services, trading markets, clearing facilities and other services to the global financial community, announced a definitive agreement to make a strategic investment in MEMX, an exchange operator and market technology provider. Concurrent with that transaction, BOX, a U.S. equity options market with both electronic and floor-based trading, will be combined with MEMX, and TMX Group will have an approximately 59% ownership interest in the combined business. Under the terms of the agreement, this transaction will create a consolidated U.S. exchange group with an enterprise value of approximately $2.3 billion. The new entity will be funded by an equity investment from TMX Group of approximately $800 million, a rollover of TMX’s existing equity interest in BOX, committed rollovers from a group of MEMX and BOX investors, comprised of key market participants, and an investment from a new financial partner. Cravath is representing TMX Group in connection with the transaction.

Cravath represented the initial purchasers, arrangers and lenders in connection with the offering of €400 million in aggregate principal amount of senior secured notes and new revolving credit facilities of Pasubio, a PAI Partners portfolio company and a leading global supplier of luxury and premium leather and textile materials. Proceeds of the offering were used to redeem Pasubio’s existing senior secured notes, repay drawings under its existing revolving credit facility, pay transaction fees and expenses and for general corporate purposes. The transaction closed on July 27, 2026. 

Cravath is representing the mandated lead arrangers and agent in connection with the infrastructure financing made available to a consortium comprising Energy Capital Partners and KKR for the recommended take‑private acquisition of DCC Energy plc, valued at approximately £5.75 Billion. DCC Energy is a leader in multi‑energy sales and distribution in Europe and the U.S. and a constituent of the FTSE 100. The proposed transaction is subject to shareholder approval and receipt of customary regulatory approvals.

On July 22, 2026, Cravath partner Jeffrey T. Dinwoodie published an essay in the Yale Journal on Regulation's Notice & Comment blog entitled "Non‑Security Crypto, Investment Contracts, and SEC Compliance." The essay examines whether the existing securities laws and SEC rules applicable to SEC‑registered entities apply in the context of a non‑security crypto asset that is subject to an investment contract (and is thus a securities transaction).  

Cravath represented the arrangers in connection with the repricing of Nexeye Holding B.V.’s €325 million term loan facility. Nexeye Holding B.V., a portfolio company of KKR, is a leading European optical retailer. The transaction closed on June 9, 2026. 

Cravath represented AerCap Funding Designated Activity Company in connection with its $900 million registered senior notes offering. AerCap Funding Designated Activity Company is a wholly owned subsidiary of AerCap Holdings N.V., the global leader in aircraft leasing. The transaction closed on July 7, 2026. 

Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S fixed‑to‑floating rate junior subordinated notes offering of Enstar Group Limited (“Enstar”), a leading global (re)insurance group that offers innovative capital release solutions and specialty underwriting capabilities. Cravath also represented the dealer managers in connection with Enstar’s concurrent $500 million cash tender offer for a series of Enstar’s outstanding debt securities. The transactions closed on July 1, 2026.

On July 12, 2026, Cravath’s Jeffrey A. Rosen, resident in the Firm’s Washington, D.C. office, posted in the Yale Journal on Regulation's Notice & Comment blog "The Economics of Regulatory Reform." The post describes Chapter Two of the White House Council of Economic Advisers’ 2026 Economic Report of the President, “Promoting Prosperity through Regulatory Reform,” which outlines potential economic benefits of regulatory reform including reduced inflation, enhanced economic growth, and other economic benefits.

Cravath represented the agent, mandated lead arrangers and lenders in connection with Boluda Towage’s €2.15 billion (equivalent) term loan facility and €300 million multi‑currency revolving credit facility. The proceeds will be used towards refinancing certain existing credit facilities and for general corporate purposes. Boluda Towage is a leading maritime services operator. The transaction closed on June 30, 2026. 

On July 7, 2026, the New York Law Journal named Cravath a finalist for its “Law Firm of the Year: Large Firms” award, and partner Daniel J. Cerqueira a finalist for its “Dealmaker of the Year” award. Winners will be featured online and honored at an event in September.

Cravath released the Summer 2026 issue of its Alumni Journal, which highlights the Firm’s global alumni community. This issue features the career journey of Colin Bennett, General Counsel and Chief Compliance Officer at Skims, as well as two recent conversations—one with Rebecca Rettig, the Chief Operating Officer and Chief Legal Officer of Jito Labs, and the other with the Honorable LaShann DeArcy Hall, a United States District Court Judge for the Eastern District of New York. This edition also includes photos from the Firm’s June 2026 Zoo Party, which brought together Cravath attorneys, summer associates and their families at the Central Park Zoo in Manhattan. 

Cravath represented the agent, mandated lead arrangers, and lenders in connection with the repricing of UVEX GROUP GmbH’s €400 million term loan facility and €50 million term loan add-on. UVEX GROUP GmbH is a portfolio company of Warburg Pincus. The transaction closed on June 19, 2026. 

On July 6, 2026, World Intellectual Property Review (“WIPR”) included Cravath of counsel Kathryn‑Ann Stamm as part of its 2026 “Influential Women in IP” list. The list, selected through an in‑depth process that combines nominations, independent research and assessments by the WIPR editorial team, celebrates the women “whose expertise, leadership and achievements are shaping the future of intellectual property across the globe.”