Sasha
Rosenthal-Larrea

On September 19, 2023, affiliates of private investment firm Lindsay Goldberg, in partnership with the company’s management, announced the completion of an investment in The Kleinfelder Group, a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm. Cravath is representing Lindsay Goldberg in connection with the transaction.

On September 18, 2023, OMERS Private Equity announced the signing of a definitive agreement to acquire a majority stake in Knight Commercial, a leading provider of commercial restoration services. Cravath is representing OMERS Private Equity in connection with the transaction.

On September 11, 2023, Bacardi Limited (“Bacardi”), the largest privately held international spirits company in the world, announced the completion of a transaction that makes the family‑owned company the sole owner of ILEGAL Mezcal®, a leading super premium artisanal mezcal. Cravath is representing Bacardi in connection with the transaction.

On August 10, 2023, Forward Air Corporation (“Forward”), a provider of transportation services, and Omni Logistics, LLC (“Omni”), a private logistics and supply chain management company that is majority owned by Ridgemont Equity Partners and EVE Partners, LLC, announced that they have entered into a definitive agreement under which Forward and Omni will combine in a cash-and-stock transaction, creating a combined company that generated approximately $3.7 billion of combined company adjusted revenue for the twelve months ended June 30, 2023. Cravath is representing Forward in connection with the transaction.

On August 8, 2023, ADT Inc. (“ADT”), a trusted brand in smart home and small business security, announced that it has entered into a definitive agreement to sell its commercial security, fire and life safety business unit to GTCR, a leading private equity firm, for a purchase price of $1.6 billion, subject to customary purchase price adjustments. Cravath is representing ADT in connection with the transaction.

Cravath partner Sasha Rosenthal‑Larrea and associates Daniel M. Barabander and Leslie Liu co‑authored an article entitled “Understanding China’s Crypto‑Blockchain Dichotomy,” which was published to the website of Law360 on September 6, 2023. The article discusses China’s “nuanced and complicated” approach to crypto‑related technology, examining its efforts to restrict cryptocurrency use while supporting blockchain as a complementary technology to real economy sectors.

On July 18, 2023, Cravath published a memo for its clients entitled “A Spot Bitcoin ETP? Understanding the SEC’s Process for Reviewing an Exchange’s ETP Proposal.” Cravath’s memo explains how the Securities and Exchange Commission (“SEC”) process for reviewing an exchange’s proposal to list and trade a new product—such as a spot bitcoin ETP—works. The memo describes the submission and review mechanics, timing considerations, the role of the SEC staff and Commissioners and how the public can engage.

On July 7, 2023, Cravath published the inaugural edition of its Cravath Data Privacy and Security Review newsletter, which provides an overview of U.S. state and federal legislative and regulatory developments, alongside U.S. and global enforcement trends and takeaways, in the data privacy and security field for the first six months of 2023. The Review provides an update on recently enacted privacy laws in states including California, Colorado and Connecticut, and on actions by the New York Department of Financial Services that reflect the agency's continued emphasis on strong enforcement of its cybersecurity regulations. This edition also highlights heightened focus on cybersecurity and privacy‑related enforcement at federal agencies including the U.S. Department of Justice, Federal Trade Commission and Securities and Exchange Commission, examines how the Video Protection Privacy Act has started to once again become an active source of litigation in the U.S., and provides global enforcement updates from Brazil, China and Europe.

Cravath partners Margaret T. Segall and Sasha Rosenthal‑Larrea were named to Crain’s New York Business’s 2023 list of “Notable Women in Law,” published on June 20, 2023. The feature honors lawyers who have “performed consequential legal or pro bono work, served as mentors, promoted inclusivity and assumed leadership roles in civic or philanthropic endeavors.”

Cravath partners David J. Kappos and Sasha Rosenthal‑Larrea participated in the 30th Annual Intellectual Property Law & Policy Conference, which was hosted by Fordham Law School from April 13‑14, 2023 in New York. Dave spoke on a panel entitled “U.S. Patent Developments,” which reviewed recent cases at the Federal Circuit and the Supreme Court with a focus on patent eligibility under 35 USC Sec. 101 and written description and enablement under 35 USC Sec. 112. Sasha spoke on a panel entitled “Decentralization and IP: The Challenges of Enforcing IP Rights in NFT Collections,” which examined a recent NFT IP infringement lawsuit and how some project creators are navigating the tension between NFT creators and holders in the enforcement context.