Ripple Labs, Inc.’s Private Placement of Class A Common Stock
November 18, 2025
Cravath represented funds managed by affiliates of Brevan Howard in connection with an investment in Ripple Labs, Inc., consisting of a private placement of Class A Common Stock, as part of Ripple’s $500 million strategic investment at a $40 billion valuation, led by funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace. The transaction closed on November 4, 2025.
The Cravath team included partner D. Scott Bennett and of counsels Virginia M. Anderson and Ellen H. Park. Elizabeth S. S. Perkins also worked on this matter.
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J.D., 2006, Emory University School of Law
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B.A., 2002, Duke University
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J.D., 2016, Fordham University School of Lawmagna cum laude
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B.A., 2011, University of Nebraska-Lincolnsumma 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
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