Technology

On February 24, 2026, ADT, a leading provider of security, interactive and smart home solutions serving residential and small business customers in the U.S., announced it has acquired Origin Wireless, Inc. (“Origin”), bringing Origin’s AI sensing platform and related intellectual property into the ADT ecosystem. The purchase price for the transaction was $170 million in cash, subject to customary purchase price adjustments. Cravath is representing ADT in connection with the transaction.

Cravath represented First Solar, Inc. in connection with its $1.5 billion revolving credit facility. First Solar is America’s leading photovoltaic solar technology and manufacturing company, and the only US‑headquartered company among the world’s largest solar manufacturers. The transaction closed on February 13, 2026.

On January 30, 2026, the California Court of Appeal affirmed the Superior Court of California, County of San Mateo’s grant of summary judgment in favor of Cravath client Dfinity Foundation (“Dfinity”) in a putative securities class action related to Dfinity’s Internet Computer Protocol (“ICP”) master governance tokens. Dfinity is a Swiss not‑for‑profit entity working to create a smart contract platform designed to power blockchain versions of popular internet applications.

Cravath represented the initial purchasers in connection with the $1 billion 144A/Reg. S high‑yield senior notes tack‑on offering of Uniti Services LLC, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC. Uniti Group Inc., the issuers’ parent company, is a premier insurgent fiber provider dedicated to enabling mission‑critical connectivity across the United States. The transaction closed on February 4, 2026.

On February 17, 2026, MTN Group Limited (“MTN”), Africa’s largest mobile network operator, announced that it has entered into an agreement with IHS Holding Limited (“IHS”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world, to acquire the remaining shares of IHS not already owned by MTN in an all‑cash transaction at an offer price of $8.50 per IHS share, which implies an enterprise value of $6.2 billion. The structure of the transaction is intended such that, upon completion of IHS’ announced disposals of its Latin American businesses, MTN will acquire 100% of IHS’ African tower portfolio. Following the completion of the transaction, IHS will be de‑listed from the New York Stock Exchange. Cravath is representing MTN in connection with the transaction.

From February 26-27, Cravath partners John W. White, D. Scott Bennett and Justin C. Clarke participated in the Florida Bar’s 42nd Annual Federal Securities Institute and M&A Conference in Tampa, Florida. John moderated a panel entitled “Evolving Accounting and Auditing Focal Points in 2026,” which discussed best practices for interacting with the SEC staff, what lies ahead at the SEC, what’s new from FASB and the PCAOB’s new priorities and leadership. Scott moderated a panel entitled “Recent Developments in Digital Assets and Tokenization,” which explored the impact of tokenization, ETFs and digital asset treasury companies, new crypto legislation and what lies ahead. Justin moderated a panel entitled “Private Securities Litigation – 2025 Developments and Trends,” which analyzed trends in securities class action filings, case law updates and new and developing issues.

On February 25, 2026, Cravath published the latest edition of its Cravath Data Privacy and Security Review newsletter. The Review provides an overview of recent U.S. state and federal legislative and regulatory developments, alongside U.S. and global enforcement trends and takeaways, in data privacy and cybersecurity for the last six months of 2025. 

On February 24, 2026, Cravath partner David J. Kappos participated in Stanford University’s Rock Center for Corporate Governance’s “Lawyering in the Age of AI Series: Boardroom Playbook for AI” in Palo Alto, California. The session examined how legal risk and competitive advantage are increasingly being shaped in the boardroom as AI becomes embedded across products, operations and decision‑making. Dave offered insights into how lawyers are advising companies and boards on navigating AI‑related crises and capitalizing on AI‑enabled opportunities.

On February 24, 2026, Cravath partner Elad Roisman participated in the National Investment Company Service Association’s 2026 Strategic Leadership Forum, which was held from February 23‑25 in Miami, Florida. The event featured deep dive conversations on the topics of digital assets, AI, regulation, retirement innovation and the future of wealth platforms. Elad spoke on a panel entitled “The Shifting Rulebook: SEC Then & Now,” which reviewed the changes in SEC priorities, what’s to come and how to stay ahead of compliance challenges. 

On February 23, 2026, Crain’s New York Business featured Cravath partner Brittany L. Sukiennik in its 2026 list of “Notable Women in Law,” which recognizes “the women defining New York’s next era of law” and “leading the work that keeps systems functioning and rights protected.” Crain’s recognized Brittany, a member of Cravath’s Litigation Department, for her representation of clients including Xcel Energy in securing a favorable settlement before a trial related to the Colorado Marshall Wildfire, and Robinhood in securing the dismissal of antitrust and state law claims and defeating class certification of securities claims in the high‑profile “meme stock” litigation. The publication also highlighted Brittany’s active pro bono practice and work with Cravath’s Incarcerated Survivors Initiative.