Litigation

On October 1, 2026, Corteva, Inc. (“Corteva”) announced it has successfully spun off its advanced seed and genetics business as a new public company, Vylor, Inc., and will move forward as a leading, pure‑play global crop protection company. Cravath is representing Corteva in connection with the transaction.

On September 9, 2026, the U.S. District Court for the Southern District of New York granted a motion to dismiss all claims in their entirety on behalf of Cravath client Oddity Tech Ltd. (“Oddity”) and individual defendants in a putative securities fraud class action. 

On February 27, 2026, Paramount Skydance Corporation (“Paramount”) and Warner Bros. Discovery, Inc. ("WBD") announced they have entered into a definitive merger agreement under which Paramount will acquire WBD. Under the terms of the agreement, Paramount will pay $31.00 per share in cash for all outstanding shares of WBD. The transaction values WBD at an enterprise value of $110 billion, and has been unanimously approved by the Boards of Directors of both companies. Cravath is representing Paramount in connection with the transaction.

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.

On February 4, 2026, the Superior Court of California, County of Alameda, sustained with prejudice Cravath clients Pacific Gas & Electric Company and PG&E Corporation’s (together, “PG&E”) demurrer to a putative negligence class action lawsuit seeking to hold PG&E responsible for increased property insurance premiums across California.

Cravath partner Sharonmoyee Goswami participated in “Patent Law Institute 2026: Critical Issues & Best Practices,” a program presented by the Practising Law Institute from October 28‑29, 2026 in New York. Sharon spoke on a panel entitled “Recent Court Decisions That Are Shaping Up Patent Law,” which examined recent Supreme Court petitions and decisions, major Federal Circuit opinions and recent changes in USPTO proceedings.

On October 22, 2026, Cravath partner Andrew C. Finch participated in the Global Competition Review Live: Global Merger Control 2026 conference, which was held from October 22‑23 in Brussels, Belgium. The conference brought together practitioners from across Europe and further afield, including private practice lawyers, government representatives and in‑house counsel, to debate and analyze the latest major developments in merger control. Andrew conducted a fireside chat with Federal Trade Commission Chairman Andrew Ferguson.

On October 20, 2026, Cravath and Stanford Law School co‑hosted a one‑day AI event at Stanford’s campus in Palo Alto, California. The day featured a program entitled “AI at an Inflection Point,” which examined the rapidly evolving global landscape for advanced AI, including the policy, national security, geopolitical and governance questions shaping its development and deployment. Cravath partner David J. Kappos delivered opening remarks and Cravath partner Ting S. Chen spoke in a fireside chat with Anthropic’s Chief Global Affairs Officer Tino Cuéllar. In addition, Cravath of counsel Scott B. Reents moderated a lunch conversation with authors Kevin Roose and Ethan Mollick in a session entitled “The Future and Business of AI,” which explored where AI is headed, what it means for work and society and how leaders should think about what comes next.

On October 20, 2026, Cravath and the Agentic Futures Initiative (“AFI”) hosted a discussion in Cravath’s New York office entitled “Agentic AI and the FTC: Competition, Consumer Protection & What’s Next,” which featured David Shaw, Principal Deputy Director of the FTC's Bureau of Competition and Levi Swank, Deputy Director for Litigation in the FTC's Bureau of Consumer Protection. Cravath partner and former FTC Commissioner Noah Joshua Phillips and AFI Executive Director Ryan Dattilo co‑moderated the discussion, which explored how agentic AI is reshaping markets, business practices and regulatory priorities at the FTC, as well as what companies should be considering as autonomous systems become more capable and widespread.

On October 13, 2026, Cravath of counsel Lauren M. Rackow participated in the New York State Bar Association’s “Why Antitrust in Paris” program in Paris, France. The program provided advice and guidance to midlevel attorneys and law students on having a career in antitrust law. Lauren moderated a panel which discussed careers in antitrust law and cross-border collaboration and opportunities between New York and Paris.