Transportation

On May 25, 2025, WiseTech Global, developer of leading logistics execution software CargoWise, announced it has entered into a binding agreement to acquire E2open Parent Holdings, Inc. (“e2open”), a U.S.‑based leading provider of SaaS solutions in the global logistics value chain, for $3.30 per share in cash equating to an enterprise value of $2.1 billion. Cravath is representing WiseTech Global in connection with the transaction.

On May 7, 2025, Costamare Inc. (“Costamare”) announced that it has completed the spin‑off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Limited (“Costamare Bulkers”). Each holder of Costamare common shares received one common share of Costamare Bulkers for every five Costamare common shares held as of the close of business on April 29, 2025. Cravath represented Costamare in connection with the transaction.

Cravath represented AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust in connection with its $500 million registered fixed‑rate reset junior subordinated notes offering. AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust are wholly owned subsidiaries of AerCap Holdings N.V., the global leader in aircraft leasing. The notes will be listed on the Irish Stock Exchange. The transaction closed on April 1, 2025.

Cravath represented Element Fleet Management Corp. in connection with its $650 million 144A/Reg. S senior notes offering. Element Fleet Management Corp. is the largest publicly traded pure‑play automotive fleet manager in the world. The transaction closed on March 25, 2025.

Cravath represented the underwriters in connection with the $2 billion registered notes offering of Union Pacific Corporation, owner of one of America’s leading transportation companies. The transaction closed on February 13, 2025.

On March 7, 2025, Cravath partner Andrew C. Finch participated in the American Bar Association’s Forum on Air & Space Law, which was held in Washington, D.C. The event convened experts to provide an insider’s perspective on leading topics in air and space law, as well as a look forward to the leading policy issues at the forefront in 2025 and beyond. Andrew spoke on a panel entitled “Airline Competition Twists & Turns,” which reviewed new activity around competition and consolidation in the airline industry, and considered how regulators influence and contribute to this dynamic and what it will mean for the industry over the next decade.

On February 25, 2025, Cravath was featured by Law360 as a “Securities Practice Group of the Year.” The profile highlighted the Firm’s “reputation as one of the top law firms that companies rely on for representation when faced with derivative lawsuits, investor class actions and other securities‑related litigation,” and recognized in particular the Firm’s representation of Robinhood in the sprawling “Meme Stock” litigation; Forward Air in its amended agreement to acquire Omni Logistics, resolving previously announced litigation; Root in its Sixth Circuit win affirming the dismissal of a putative securities class action; and Mylan in its appellate win affirming summary judgment in a securities class action.

On July 29, 2024, Cravath partner G.J. Ligelis Jr. was featured in Bloomberg Law’s “They’ve Got Next: 40 Under 40” series, which recognizes “the accomplishments of stellar young lawyers nationwide,” based on their work on key client matters, assumption of leadership roles, pro bono commitments and more. In a Q&A, G.J. described his work on transformative deals, including for client AerCap in its $30 billion acquisition of GE Capital Aviation Services, the largest M&A deal in the history of the aircraft leasing industry. G.J. also highlighted Just Eat Takeaway.com’s $7.3 billion combination with Grubhub as a matter in which he was “particularly proud of” his role, having led the Cravath team representing Just Eat Takeaway.com on M&A matters during his third year as partner. G.J. emphasized the importance of teamwork in providing clients with seamless legal advice and praised the quality of the Firm’s attorneys across practice groups: “Nothing is more rewarding than introducing an M&A client to one of my litigation or investigations partners, capital markets partners or antitrust/regulatory partners and watching my client’s reaction as they realize they get the exact same level of quality, dedication, and personal touch across every area of Cravath.”

On June 6, 2024, Cravath partner David R. Marriott was recognized by Leaders League as a leading trial lawyer in the United States. The profile praised Dave’s “uncommon ability to consistently win complex cases of every hue, often against all odds,” as exemplified by his representation of clients including Illumina in its unprecedented antitrust trial victory against the FTC; Amgen in its successful defense against the FTC’s challenge to its $27.8 billion acquisition of Horizon Therapeutics; Louis Dreyfus Company and Imperial Sugar Company in their trial victory over the DOJ; Viatris in its summary judgment win to defeat a securities class action; and photographers Donald Graham and Eric McNatt, who secured favorable SDNY judgments in copyright infringement litigation against appropriation artist Richard Prince and his galleries. The publication deemed his work on the antitrust cases “a string of stunning…victories” in “three of the most significant antitrust cases of the last decade.” Leaders League further remarked that “Marriott never shirks from a challenge, no matter how daunting [the] odds or opposition.”

On March 26, 2024, Cravath partner David R. Marriott was named to Forbes’s 2024 list of “America’s Top 200 Lawyers.” The inaugural list recognized “the finest practitioners in the profession—lawyers with stellar track records in their specialties, those who have broken barriers to emerge as leaders in their fields, and attorneys most respected by peers and clients.” Dave’s accompanying profile highlighted his experience as a “courtroom heavyweight” and his representation of clients including AT&T, Avon Products, Bank of America, Bristol‑Myers Squibb, Colgate‑Palmolive and Delta Airlines. In particular, the publication noted Dave’s achievement of “setting precedent in antitrust and intellectual property law.”