add items to your
binder to email or
print all at once
Items In Binder
Site Lawyers
 

Industry Overview

Technology

Cravath represents some of the most highly regarded companies in the technology industry, including IBM, Qualcomm and Xerox, in a variety of corporate, litigation and advisory matters. We have extensive experience in diverse sectors of technology, including computer systems and software, cellular devices and standards, electronics and electrical equipment, information technology and e‑commerce.

Cravath has a long‑standing reputation for representing technology companies in many corporate contexts and in their most significant disputes. Our corporate expertise includes mergers and acquisitions, capital markets offerings, corporate governance matters and banking and credit transactions. Our litigators have extensive experience with respect to patent, trade secret, antitrust, general commercial and securities litigation, as well as related advisory matters and investigations.

Among other major technology companies, Cravath has represented IBM for decades in numerous acquisitions and dispositions, including the sale of its personal computer business to Lenovo; $5 billion sale of its Global Network business to AT&T Corp.; $4.5 billion acquisition of Cognos; $2.05 billion sale of its hard disk drive business to Hitachi Ltd.; $2.1 billion acquisition of Rational Software Corporation; and $1.7 billion acquisition of Netezza. We have handled numerous lawsuits for IBM, including successfully defending IBM in a landmark 13‑year government antitrust case at the dawn of the computer age, and most recently, in antitrust litigations concerning mainframe computers and software. We also represent IBM in government investigations concerning the Foreign Corrupt Practices Act.

Cravath regularly represents Qualcomm and Xerox in corporate and litigation matters. We represented Qualcomm in its $3.1 billion acquisition of Atheros and related shareholder litigation as well as in multiple patent, SEP licensing and antitrust litigations involving cellular chips and devices, 3G and LTE standards, GPS and other positioning technologies. We represented Xerox in its acquisition of Global Imaging Systems for $1.5 billion and with several of its registered senior debt offerings, as well as in asserting search technology patents against Google. In March 2013, we secured a summary judgment victory for Xerox in a long‑running, multibillion‑dollar securities class action concerning Xerox’s 1998 global restructuring program.

Cravath also regularly advises major money center banks in financing transactions, both leveraged and investment grade, including financings of mergers and acquisitions, recapitalizations and spin‑offs for leading technology companies, such as Dell, Freescale Semiconductor and Scientific Games International.

In addition to our long‑standing technology clients, our lawyers have represented Lender Processing Services in its $2.9 billon acquisition by Fidelity National Financial; the independent directors of JDA Software Group in the company’s $1.9 billion leveraged buyout by RedPrairie and related shareholder litigation; Affiliated Computer Services in its $8.4 billion acquisition by Xerox; the board of directors of Gerber Scientific in its acquisition by Vector Capital; and Genpact in connection with an approximately $1 billion investment by Bain Capital and its $550 million acquisition of Headstrong Corporation.

The transactions and cases we handle within the technology sector frequently involve complex intellectual property issues, often of major strategic and financial importance to our clients. We have extensive knowledge and experience with respect to these matters, including strategic counseling, portfolio development and licensing and other exploitation. Our team is well‑versed in navigating the United States Patent and Trademark Office (USPTO) intellectual policy regulations. David J. Kappos, the former Under Secretary of Commerce and Director of the USPTO, joined the Firm in 2013 and brings a wealth of knowledge that further strengthens the Firm’s intellectual property team. While at the USPTO, Mr. Kappos led the dramatic reengineering of the agency’s entire management and operational systems and was instrumental in the passage and implementation of the America Invents Act in September 2011.