Law360 Names Cravath a 2020 “Banking Practice Group of the Year”
December 17, 2020
On December 7, 2020, Cravath was featured by Law360 as a “Banking Practice Group of the Year” for its Corporate and Litigation Departments’ work on banking‑related matters, including the Firm’s representation of Goldman Sachs in the dismissal of a suit brought by United Natural Foods, Inc. and borrower‑and lender‑side transactional work that draws on Cravath attorneys’ ability to “dive into a broad spectrum of challenges.” Cravath partner Michael A. Paskin noted that the Firm “offers clients a real understanding of what the business is and how these deals work … not just coming from an academic litigation perspective, but really helping them reach business solutions.” Partner George E. Zobitz discussed how the Firm’s collaborative work culture and generalist training eased the transition to remote work during the COVID‑19 pandemic.
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J.D., 1995, Fordham University School of Law
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B.A., 1992, University of Pennsylvaniacum laude
- New York
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J.D., 1995, New York University School of Lawwith Honors, cum laude
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B.A., 1991, Franklin & Marshall College
- New York
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Deals & Cases
May 06, 2020
Goldman Sachs Wins Complete Dismissal of Claims Related to Financing of $3 Billion Grocery Acquisition
On May 5, 2020, Justice Andrea Masley of the New York State Supreme Court’s Commercial Division dismissed claims against Cravath client Goldman Sachs, which was sued in January 2019 by its former client, United Natural Foods, Inc. (“UNFI”), the largest publicly traded distributor of natural, organic, specialty conventional grocery and non‑food products in the U.S. and Canada and a major supplier to Whole Foods. In its complaint, UNFI brought claims alleging 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., which was announced in July 2018 and closed in October 2018. 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.
