Litigation

Cravath represented Circle Internet Financial, LLC on SEC regulatory matters concerning the non‑applicability of securities laws to payment stablecoins, concurrent with Circle Internet Group Inc.’s initial public offering.

On April 30, 2025, the U.S. District Court for the Northern District of California granted Cravath client Epic Games, Inc.’s (“Epic”) motion to enforce a nationwide permanent injunction against Apple, Inc.’s (“Apple”) anti‑steering policies for in‑app payments. Epic secured the injunction to restrain and prohibit Apple’s anticompetitive conduct and fees, following a three‑week bench trial in May 2021, in which Cravath also represented Epic. In its April decision, the Court ruled that Apple was in willful violation of the 2021 injunction, having thwarted the injunction’s goals and continued its anticompetitive conduct. The Court noted that “Apple willfully chose not to comply with this Court’s Injunction. It did so with the express intent to create new anticompetitive barriers which would, by design and in effect, maintain a valued revenue stream; a revenue stream previously found to be anticompetitive. That it thought this Court would tolerate such insubordination was a gross miscalculation.” As a result, the Court enjoined Apple from implementing its new restrictions and fees that violated the injunction, effective immediately.

On May 9, 2025, TaskUs, Inc. (“TaskUs”), a leading provider of outsourced digital services and next‑generation customer experience to companies, announced it has entered into a definitive agreement to become a privately held company. Under the terms of the agreement, an affiliate of Blackstone, TaskUs Co‑Founder and Chief Executive Officer Bryce Maddock and TaskUs Co‑Founder and President Jaspar Weir (collectively the “Buyer Group”) will acquire 100% of the outstanding shares of Class A common stock they do not already own for $16.50 per share in an all-cash transaction. Upon completion of the transaction, the Company’s Class A common stock will no longer be listed on any public market. The TaskUs Board of Directors has approved the transaction upon the unanimous recommendation of a special committee of independent directors (the “Special Committee”), which was formed on March 20, 2025, in response to interest expressed by the Buyer Group in exploring a possible transaction. Cravath is representing the Special Committee in connection with the transaction.

On April 4, 2025, Rogers Communications Inc. (“Rogers”) announced it has entered into a definitive agreement with funds managed by Blackstone, backed by leading Canadian institutional investors, for a CDN$7 billion equity investment. Under the terms of the transaction, Blackstone will acquire a non-controlling interest in a new Canadian subsidiary of Rogers that will own a minor part of the Rogers wireless network. Following the transaction, Blackstone will hold a 49.9% equity interest (with a 20% voting interest) in the new subsidiary. Rogers will maintain full operational control of its network and will include the financial results of the new subsidiary in its consolidated financial statements. At any time between the eighth and twelfth anniversaries of closing, Rogers will have the right to purchase Blackstone’s interest in the new subsidiary. Rogers intends to use the net proceeds from the transaction to repay debt. Cravath is representing Rogers as U.S. counsel in connection with the transaction.

On March 18, 2025, Wiz, Inc. (“Wiz”), a leading cloud security platform headquartered in New York, and Google LLC (“Google”) announced they have signed a definitive agreement for Google to acquire Wiz for $32 billion, subject to closing adjustments, in an all‑cash transaction. Once closed, Wiz will join Google Cloud. Cravath is representing Wiz as regulatory counsel in connection with the transaction.

On June 27, 2025, Cravath partners Michael A. Paskin, George E. Zobitz, Paul H. Zumbro, Jelena McWilliams, Lauren A. Moskowitz, Omid H. Nasab and Michael J. Zaken were named to Lawdragon’s 2025 list of “500 Leading Global Bankruptcy and Restructuring Lawyers” in recognition of their work advising clients during “crises that imperil their existence.” The list honors “lawyers who tune out the noise and find the path forward through tough negotiation, litigation, or complex financial arrangements,” and celebrates their ability to “help organizations move forward.”

On June 20, 2025, Cravath partner Sharonmoyee Goswami participated in the 2025 SABA North American Annual Conference, an annual gathering of South Asian attorneys, judges, general counsel, law firm leaders and public officials, which was hosted by the South Asian Bar Association of North America from June 19‑22 in Denver, Colorado. Sharon spoke on a panel entitled “Mastering Expert Testimony in Patent Trials: Strategies for Persuasion and Clarity Before a Jury,” where she also demonstrated a mock direct and redirect examination of a technical expert.

Cravath partners Brittany L. Sukiennik and Benjamin G. Joseloff participated in the 30th Annual Stanford Directors’ College, which was held from June 23‑25, 2025, at Stanford Law School. The program addressed a broad range of problems that confront modern boards, including the board’s role in setting business strategy, CEO succession, techniques for controlling legal liability, challenges posed by activist investors, boardroom dynamics and contemporary challenges, including the state of the macroeconomy, the politicization of the corporation and emerging ransomware and cybersecurity threats.

Cravath has elected the following new partners, who will become members of the Firm on July 1, 2025:

In June 2025, Vault announced that Cravath was ranked No. 1 on its Vault Law 100, a ranking of the most prestigious law firms across the United States, for the tenth consecutive year. The results of the annual list are based on market feedback from more than 20,000 law firm associates collected over the course of the last year. In publicizing its results, Vault highlighted comments from survey respondents, who described the Firm as offering associates “meaningful, substantive work right away,” a “high level of direct partner interaction even at the most junior level,” “extensive and thorough” formal and informal mentorship, “unmatched prestige and the topmost level of training” and an “extremely cordial” culture which creates “natural camaraderie.” Vault noted the Firm’s influence on the industry, citing its consistent leadership in setting industry practices and standards, including in the area of hiring.