Cravath Publishes Winter 2026 Issue of Alumni Journal
Securities Litigation
Cravath’s preeminent securities litigation practice plays a leading role in the field’s most significant and precedent‑setting cases, successfully defending individual and class action litigation in jurisdictions across the country. We consistently take on and win consequential securities matters for our clients, having eliminated claims in excess of $60 billion in recent years. While securities cases rarely go to trial, we draw on our extensive experience to successfully try these matters when necessary. In the past several years, we have tried nearly a dozen actions across the full spectrum of securities and shareholder litigation, including winning the first public market purchase case in which the presumption of reliance was successfully rebutted at a trial on the merits and securing one of the only post-trial defense verdicts decided under the entire fairness standard.
A “dominant presence” representing clients “at the forefront of the most complex disputes,” Cravath’s securities team handles prominent and high-stakes matters for every key category of defendant: issuers, financial institutions and audit firms. (Chambers USA) We have achieved notable resolutions and established important precedent impacting companies operating in all major industries, including consumer products; energy and natural resources; financial services; healthcare and life sciences; media and entertainment; and technology. Our “deep‑bench” of securities litigators devises innovative strategies from the boardroom to the courtroom, giving corporate defendants and their boards of directors greater ammunition to protect critical business interests and leveling the litigation playing field. (The Legal 500 US)
Because of our experience handling the largest and most complex cases, we have particular expertise in coordinating the defense, and often global resolution, of parallel related actions. Our securities litigation practice also extends to internal and governmental investigations and related proceedings, such as shareholder derivative actions and Employment Retirement Income Security Act (ERISA) cases.
Repeatedly named “Securities Practice Group of the Year” by Law360, most recently in 2024, as well as “Securities Litigation Firm of the Year” by Benchmark Litigation, our securities litigation practice has been consistently ranked in the top tier by Benchmark Litigation, Chambers USA, The Legal 500 US and Best Lawyers Best Law Firms. The Firm was awarded New York Law Journal’s overall “Litigation Department of the Year” three times in the past six years, and the publication also has honored the Firm as “Class Action Litigation Department of the Year” and “Finance Litigation Department of the Year.”
In addition, our securities litigators have earned repeated praise from clients and the market, including:
- “Their knowledge of the law and securities litigation specifically is unmatched. They brought their absolute best to the table for our matter.” Client, The Legal 500 US
- Cravath’s securities litigation group is “one of the truly outstanding teams in the country” and has “a long history of involvement in the most high-profile engagements.” Chambers USA
- “Cravath has built a 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.” Law360
- “The attention to detail, knowledge of the intricacies of our case, and the ability to manage individuals at every level of our organization was wildly impressive. . . . This team was dedicated and invested in our matter, they showed a level of care, compassion and professionalism that is lacking at other firms. This matter was not a check to them, it was an opportunity to build a lasting relationship and make things right for a client that was in a challenging position with litigation.” Client, The Legal 500 US
- “Cravath is a cut above the rest. Their client service is superior. In a bet the company case I would select them as my top pick.” Client, Chambers USA
- “Cravath lawyers are brilliant and tireless. Their team approach to everything is fantastic.” Client, Benchmark Litigation
- “I think that Cravath is the best single law firm I know. They have really deep talent, really a lot of great lawyers, they write well, they can try cases, they are just up and down the line excellent. They also act with total credibility.” Client, Chambers USA
A “dominant presence” representing clients “at the forefront of the most complex disputes,” Cravath’s securities team handles prominent and high-stakes matters for every key category of defendant: issuers, financial institutions and audit firms. (Chambers USA) We have achieved notable resolutions and established important precedent impacting companies operating in all major industries, including consumer products; energy and natural resources; financial services; healthcare and life sciences; media and entertainment; and technology. Our “deep‑bench” of securities litigators devises innovative strategies from the boardroom to the courtroom, giving corporate defendants and their boards of directors greater ammunition to protect critical business interests and leveling the litigation playing field. (The Legal 500 US)
Because of our experience handling the largest and most complex cases, we have particular expertise in coordinating the defense, and often global resolution, of parallel related actions. Our securities litigation practice also extends to internal and governmental investigations and related proceedings, such as shareholder derivative actions and Employment Retirement Income Security Act (ERISA) cases.
Repeatedly named “Securities Practice Group of the Year” by Law360, most recently in 2024, as well as “Securities Litigation Firm of the Year” by Benchmark Litigation, our securities litigation practice has been consistently ranked in the top tier by Benchmark Litigation, Chambers USA, The Legal 500 US and Best Lawyers Best Law Firms. The Firm was awarded New York Law Journal’s overall “Litigation Department of the Year” three times in the past six years, and the publication also has honored the Firm as “Class Action Litigation Department of the Year” and “Finance Litigation Department of the Year.”
In addition, our securities litigators have earned repeated praise from clients and the market, including:
- “Their knowledge of the law and securities litigation specifically is unmatched. They brought their absolute best to the table for our matter.” Client, The Legal 500 US
- Cravath’s securities litigation group is “one of the truly outstanding teams in the country” and has “a long history of involvement in the most high-profile engagements.” Chambers USA
- “Cravath has built a 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.” Law360
- “The attention to detail, knowledge of the intricacies of our case, and the ability to manage individuals at every level of our organization was wildly impressive. . . . This team was dedicated and invested in our matter, they showed a level of care, compassion and professionalism that is lacking at other firms. This matter was not a check to them, it was an opportunity to build a lasting relationship and make things right for a client that was in a challenging position with litigation.” Client, The Legal 500 US
- “Cravath is a cut above the rest. Their client service is superior. In a bet the company case I would select them as my top pick.” Client, Chambers USA
- “Cravath lawyers are brilliant and tireless. Their team approach to everything is fantastic.” Client, Benchmark Litigation
- “I think that Cravath is the best single law firm I know. They have really deep talent, really a lot of great lawyers, they write well, they can try cases, they are just up and down the line excellent. They also act with total credibility.” Client, Chambers USA
Deals & Cases
February 19, 2026
Dfinity’s Appellate Win Affirming Summary Judgment in Securities Class Action
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.
Deals & Cases
February 13, 2025
Dfinity Wins Summary Judgment in Purported Securities Class Action
On February 10, 2025, the Superior Court of California, County of San Mateo, granted summary judgment in favor of Cravath client Dfinity Foundation (“Dfinity), a Swiss not‑for‑profit entity working to create a smart contract platform designed to power blockchain versions of popular internet applications, in purported class action securities litigation.
Deals & Cases
May 02, 2024
Root’s Sixth Circuit Win Affirming Dismissal of Putative Securities Class Action
On April 29, 2024, a three‑judge panel of the U.S. Court of Appeals for the Sixth Circuit ruled in favor of Cravath clients Root, Inc., an insurance company primarily focused on automobile insurance, and certain of its officers and directors (collectively, “Root”) in affirming the U.S. District Court for the Southern District of Ohio’s dismissal of a purported class action securities complaint. The decision is a precedential opinion that creates new law of the circuit.
Deals & Cases
April 29, 2024
Mylan’s Appellate Win Affirming Summary Judgment in Securities Class Action
On Monday, April 15, 2024, the U.S. Court of Appeals for the Second Circuit affirmed the U.S. District Court for the Southern District of New York’s granting of summary judgment in favor of Cravath client Mylan in a securities class action related to Mylan’s marketing, pricing and classification of EpiPen as well as alleged conduct concerning generic drug price fixing and market allocation.
Deals & Cases
November 15, 2023
Robinhood Defeats Certification of Proposed Class Asserting Securities Claims in Sprawling “Meme Stock” Litigation
On November 13, 2023, the U.S. District Court for the Southern District of Florida denied plaintiffs’ motion to certify a class asserting market manipulation claims under the federal securities laws against Cravath clients Robinhood Markets, Inc., Robinhood Financial LLC and Robinhood Securities, LLC (together, “Robinhood”).
Activities
February 23, 2026
Brittany Sukiennik Featured in Crain’s 2026 Notable Women in Law List
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.
Publications
February 13, 2026
Cravath Publishes Finance & Capital Markets Quarterly Review for Q4 2025
On February 13, 2025, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which provides insight into practical points, key takeaways and relevant developments related to the bond, equity and loan markets and restructuring activity during the fourth quarter of 2025. Highlights from this edition include:
Publications
February 13, 2026
Cravath Publishes Quarterly Review on Q4 2025 Trends in M&A, Activism and Corporate Governance
On February 13, 2026, Cravath published the latest edition of its Quarterly Review, which provides insight into practical points, key takeaways and relevant developments across the M&A, activism, tax, regulatory and corporate governance landscape. This edition covers:
Firm News
November 20, 2025
Cravath Announces New Partners and Of Counsels
Cravath has elected the following new partners, who will become members of the Firm on January 1, 2026:
Publications
November 10, 2025
Cravath Publishes Finance & Capital Markets Quarterly Review for Q3 2025
On November 10, 2025, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which provides insight into practical points, key takeaways and relevant developments related to the bond, equity and loan markets and restructuring activity during the third quarter of 2025. Highlights from this edition include:
Deals & Cases
February 19, 2026
Dfinity’s Appellate Win Affirming Summary Judgment in Securities Class Action
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.
Deals & Cases
February 13, 2025
Dfinity Wins Summary Judgment in Purported Securities Class Action
On February 10, 2025, the Superior Court of California, County of San Mateo, granted summary judgment in favor of Cravath client Dfinity Foundation (“Dfinity), a Swiss not‑for‑profit entity working to create a smart contract platform designed to power blockchain versions of popular internet applications, in purported class action securities litigation.
Deals & Cases
May 02, 2024
Root’s Sixth Circuit Win Affirming Dismissal of Putative Securities Class Action
On April 29, 2024, a three‑judge panel of the U.S. Court of Appeals for the Sixth Circuit ruled in favor of Cravath clients Root, Inc., an insurance company primarily focused on automobile insurance, and certain of its officers and directors (collectively, “Root”) in affirming the U.S. District Court for the Southern District of Ohio’s dismissal of a purported class action securities complaint. The decision is a precedential opinion that creates new law of the circuit.
Deals & Cases
April 29, 2024
Mylan’s Appellate Win Affirming Summary Judgment in Securities Class Action
On Monday, April 15, 2024, the U.S. Court of Appeals for the Second Circuit affirmed the U.S. District Court for the Southern District of New York’s granting of summary judgment in favor of Cravath client Mylan in a securities class action related to Mylan’s marketing, pricing and classification of EpiPen as well as alleged conduct concerning generic drug price fixing and market allocation.
Deals & Cases
November 15, 2023
Robinhood Defeats Certification of Proposed Class Asserting Securities Claims in Sprawling “Meme Stock” Litigation
On November 13, 2023, the U.S. District Court for the Southern District of Florida denied plaintiffs’ motion to certify a class asserting market manipulation claims under the federal securities laws against Cravath clients Robinhood Markets, Inc., Robinhood Financial LLC and Robinhood Securities, LLC (together, “Robinhood”).
Activities
February 23, 2026
Brittany Sukiennik Featured in Crain’s 2026 Notable Women in Law List
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.
Publications
February 13, 2026
Cravath Publishes Finance & Capital Markets Quarterly Review for Q4 2025
On February 13, 2025, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which provides insight into practical points, key takeaways and relevant developments related to the bond, equity and loan markets and restructuring activity during the fourth quarter of 2025. Highlights from this edition include:
Publications
February 13, 2026
Cravath Publishes Quarterly Review on Q4 2025 Trends in M&A, Activism and Corporate Governance
On February 13, 2026, Cravath published the latest edition of its Quarterly Review, which provides insight into practical points, key takeaways and relevant developments across the M&A, activism, tax, regulatory and corporate governance landscape. This edition covers:
Firm News
November 20, 2025
Cravath Announces New Partners and Of Counsels
Cravath has elected the following new partners, who will become members of the Firm on January 1, 2026:
Publications
November 10, 2025
Cravath Publishes Finance & Capital Markets Quarterly Review for Q3 2025
On November 10, 2025, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which provides insight into practical points, key takeaways and relevant developments related to the bond, equity and loan markets and restructuring activity during the third quarter of 2025. Highlights from this edition include:
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Cravath Bicentennial
Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.
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