Cravath’s New York Office Moves to Two Manhattan West
On April 21, 2021, Cravath partner Evan R. Chesler participated in the Center on Civil Justice: Antitrust Series, a four‑part series hosted virtually by the NYU School of Law. Evan spoke during a program entitled “Health Care Consolidation,” which discussed the consolidation of hospitals, providers, pharmaceuticals and insurers and the related impact on healthcare in the United States, including the potential enactment of antitrust laws and regulations.
Cravath partner Margaret T. Segall previously participated in part two of the Antitrust Series, entitled “Data as Market Power: Barriers to Entry from Big Data,” during which she discussed the impact access to large data sets can have on innovation and competition.
Deals & Cases
March 03, 2021
On February 19, 2021, Oscar Insurance Company voluntarily dismissed with prejudice the appeal of its lawsuit against Cravath clients Blue Cross and Blue Shield of Florida, Inc., Health Options Inc., and Florida Health Care Plan, Inc. (together, “Florida Blue”), which was pending before the U.S. Court of Appeals for the Eleventh Circuit after Florida Blue won its motion to dismiss the case before the U.S. District Court for the Middle District of Florida on September 20, 2019.
Deals & Cases
September 25, 2020
On July 1, 2020, PG&E Corporation and Pacific Gas & Electric Company (together, “PG&E”) announced that PG&E has emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E’s Plan of Reorganization that was confirmed by the United States Bankruptcy Court on June 20, 2020. Cravath has represented PG&E as corporate, financing and litigation counsel in its Chapter 11 bankruptcy proceedings, as counsel in the arrangement of its Debtor‑in‑Possession financing, committed debt bridge financing, committed backstop equity financing and marketed equity exit financing, and in litigation related to the 2017 and 2018 Northern California Wildfires.
Deals & Cases
January 16, 2020
On January 15, 2020, the U.S. District Court for the Eastern District of New York ruled in favor of Cravath client American Express Company (“AmEx”) in an antitrust suit brought by two putative classes of merchant plaintiffs: one purporting to represent a class of merchants that accept AmEx-branded cards and one purporting to represent a class of merchants that do not accept AmEx cards but accept Visa, Mastercard and Discover cards. On AmEx’s motion, the Court compelled arbitration of claims asserted by the putative class of AmEx-accepting merchants. The Court also granted AmEx’s motion to dismiss the claims of the non-AmEx accepting merchants.
Deals & Cases
September 23, 2019
On September 11, 2019, the U.S. Court of Appeals for the Second Circuit ruled in favor of Cravath client Sabre Holdings Corporation (“Sabre”) in an antitrust suit brought by US Airways. Citing the U.S. Supreme Court’s 2018 decision in Ohio v. American Express, which Cravath successfully litigated, the Second Circuit vacated a jury verdict against Sabre that had awarded $15 million in damages to US Airways, and remanded for a new trial.
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