Cravath’s London Office Moves to 100 Cheapside
February 17, 2022
On February 14, 2022, Cravath was featured by Law360 as a “Technology Practice Group of the Year.” The Firm was recognized for its role representing clients on matters including Robinhood on its $2.1 billion initial public offering, and securing the vacatur of a class certification order on appeal for Qualcomm at the Ninth Circuit, which Law360 noted “may have broader implications for the technology industry.” The profile also noted Cravath’s ongoing litigation work for Robinhood and representation of Meta Platforms Inc. on various antitrust matters.
Cravath partner Gary A. Bornstein spoke about the clarity the Qualcomm ruling should provide to patent holders, while partner D. Scott Bennett spoke about ensuring Robinhood’s new platform, IPO Access, complied with SEC regulations that cover the offering of shares to retail investors.
Deals & Cases
July 29, 2021
Cravath represented Robinhood in connection with its initial public offering. Robinhood raised approximately $1.9 billion of net proceeds in the IPO. Shares began trading on July 29, 2021 on the NASDAQ exchange.
Deals & Cases
October 01, 2021
On September 29, 2021, the United States Court of Appeals for the Ninth Circuit ruled in favor of Cravath client Qualcomm Incorporated (“Qualcomm”), vacating a class certification order in Stromberg v. Qualcomm, a class action suit that is related to a prior antitrust suit brought against Qualcomm by the Federal Trade Commission (“FTC”), FTC v. Qualcomm. The Stromberg plaintiffs brought antitrust claims against Qualcomm, and the formerly certified class included an estimated 250 million members in the U.S.
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