Cravath partner Andrew T. Davis participated in the 83rd Institute on Federal Taxation, which was hosted by the New York University School of Professional Studies from October 20-25 in New York, NY, and from November 17‑22 in San Diego, CA. The event convened leading professionals to discuss the latest trends and developments in federal tax matters. Andrew spoke on a panel entitled “S Corporations – Selected Topics and M&A Considerations,” which examined the tax‑related challenges and opportunities encountered in M&A transactions involving S corporations.

Cravath partners Benjamin G. Joseloff, George F. Schoen and G.J. Ligelis Jr. co‑authored the U.S. chapter for the International Comparative Legal Guide’s “Foreign Direct Investment Regimes 2025,” which was published by Global Legal Group on November 15, 2024. The chapter examines U.S. foreign investment review policy and the law, regulations and procedures of the Committee on Foreign Investment in the United States (CFIUS), including both jurisdictional and substantive considerations, as well as recent developments.

On November 18, 2024, Cravath partner Benjamin Gruenstein participated in the American Conference Institute’s 3rd Annual Forum on Digital Assets: Compliance, Enforcement & Regulatory Oversight, which was held from November 18‑19 in New York. The event convened government officials, crypto companies and legal and regulatory experts to address pressing developments in the regulation of digital assets. Ben moderated a panel entitled “What Keeps You Up at Night? Senior Executives Discuss Their Top Priorities and Post-Election Predictions,” during which panelists discussed their views on the current regulatory environment, how they are revisiting risk and their thoughts for the future of the industry.

On November 19, 2024, Cravath prepared a memo for its clients entitled “IRS and Treasury Publish Final Regulations for Advanced Manufacturing Production Tax Credits.” The memo examines the United States Department of the Treasury and the Internal Revenue Service’s recently issued final regulations for Advanced Manufacturing Production Tax Credits under Section 45X of the Internal Revenue Code.

On November 19, 2024, Robinhood Markets, Inc. (“Robinhood”) announced that it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors. Final deal consideration is expected to be approximately $300 million, subject to customary purchase price adjustments, consisting of a mix of cash and stock. Cravath is representing Robinhood in connection with the transaction.

On November 13, 2024, Cravath partner David J. Perkins, co‑head of the Firm’s Private Equity Practice, was featured as a 2024 Private Equity MVP by Law360, which highlighted his role representing clients on private equity investments across multiple asset classes, including Amentum in its Reverse Morris Trust merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, as well as Brookfield Renewable Partners in its $8 billion acquisition of Westinghouse. In the profile, Dave discussed how much he enjoyed working with private equity clients and appreciated their approach to problem‑solving on particularly challenging transactions. Dave also spoke about Cravath’s longstanding commitment to training associates and younger partners as part of the Firm’s growing Private Equity Practice.

Cravath represented the initial purchasers in connection with the $400 million and C$150 million 144A/Reg. S high‑yield senior notes offering of goeasy Ltd., a leading full‑service provider of goods and alternative financial services that improve the lives of everyday Canadians. Cravath also represented the dealer manager in connection with goeasy Ltd.’s concurrent debt tender offer. The transaction closed on November 4, 2024.

Cravath represented Martin Marietta Materials, Inc. in connection with its $1.5 billion registered senior notes offering. Martin Marietta Materials, Inc. is a leading supplier of aggregates and heavy building materials for the construction industry in the United States. The transaction closed on November 4, 2024.

On November 13, 2024, Cravath partner John W. White participated in the 56th Annual Institute on Securities Regulation, which was presented by the Practising Law Institute from November 13-15 in New York. John spoke on a panel entitled “Accounting and Auditing Developments,” which focused on new accounting standards, including revised segment disclosure requirements, the broadening focus on disclosure controls and procedures and PCAOB activities.

On November 14, 2024, Cravath partner Noah J. Phillips participated in the American Bar Association’s 2024 Antitrust Fall Forum, which was held in Washington, D.C. The event convened policy experts to engage in a series of debates and panels about the future of antitrust policy issues. Noah spoke on a panel entitled “Hot Topics in the Next Administration,” during which panelists discussed predictions about how the next presidential administration and agencies including the Department of Justice and Federal Trade Commission will approach competition policy and whether it will follow or alter the path of the current administration.

Cravath partner Sharonmoyee Goswami was named a finalist for The American Lawyer’s 2024 Young Lawyer of the Year – Litigation award as part of the publication’s seventh annual Industry Awards. The Young Lawyer of the Year awards honor young lawyers who have made meaningful advancements in service delivery, public or societal interest, or otherwise worked to improve the profession or community around them, or have shown exceptional work in any transactional or litigation practice.

Cravath represented the underwriters in connection with the $2.3 billion registered senior notes, floating rate senior notes and fixed-to-floating rate senior notes offering of State Street Corporation, a provider of a broad range of financial products and services to institutional investors worldwide. The transaction closed on October 22, 2024.

In September 2024, the Transatlantic Law Journal, which is published by the German-American Lawyers’ Association (DAJV), published an article written by Cravath partners John W. White, Matthew Morreale, Elad Roisman, Michael L. Arnold and Kimberley S. Drexler entitled “The SEC’s Landmark Climate Disclosure Rules: Considerations for Non-U.S. Public Companies.” The article examines the U.S. Securities and Exchange Commission’s adopted final rules requiring climate related disclosures for public companies, outlining key takeaways of the final rules and applicability to foreign private issuers and certain other issuers. The article was based on a memo prepared by Cravath for clients in March 2024.

On November 14, 2024, Cravath partner Benjamin G. Joseloff participated in the American Conference Institute’s 6th Annual China Trade Controls Conference, which was held from November 13‑14 in Arlington, Virginia. Ben spoke on a panel entitled “Beyond TikTok: The Establishment of the Committee for the Review of Foreign Adversary Controlled Applications,” which reviewed the status of the Committee, how it fits in among the U.S. government’s other tools for combatting commercial hybrid threats and its potential impact across the digital landscape.

Cravath elected Saagar Kaul, April Michelle Kent, Dean M. Nickles, Nathan Noh, Ellen H. Park and Patrick S. Taylor as of counsels of the Firm, effective January 1, 2025.

On October 24, 2024, Cravath hosted its sixth annual Global Enforcement Forum at its offices in New York. The event brought together investigations and regulatory lawyers from the Firm and leading foreign firms across the globe for a series of panel discussions and roundtables examining significant developments in enforcement.

Cravath partner Gary A. Bornstein was named a finalist for The American Lawyer’s 2024 Litigator of the Year award as part of the publication’s seventh annual Industry Awards. The accompanying profile highlights Gary’s “many trial victories” and representation of clients including Epic Games in its antitrust trial victory against Google; Deutsche Telekom in a putative class action and derivative litigation related to T‑Mobile’s $26 billion merger with Sprint; and British American Tobacco in putative class action securities litigation.

On November 12, 2024, Cravath partner Jelena McWilliams participated in The Clearing House’s 2024 Annual Conference, which was held from November 12‑13 in New York. The event convened senior financial services executives, policymakers, technology companies and professional services firms to discuss strategic issues, challenges and opportunities for financial institutions. Jelena spoke on a panel entitled “Whose Business Judgement? The Intersection of Regulation, Independent Risk Management, and Innovation,” which reviewed the expanded complexity of bank regulation and related supervisory requirements and considered how regulated financial institutions can embrace a culture of compliance while reducing bureaucracy.

On November 13, 2024, the New York State Bar Association honored Cravath partner Lauren A. Moskowitz with the Hon. Shira A. Scheindlin Award for Excellence in the Courtroom at its event entitled “Taking the Lead 2024: Empowering Women Lawyers in Commercial Cases; Winning Strategies and Techniques for Trial.” The annual award recognizes a female litigator who has distinguished herself in the courtroom in either the federal or state courts in New York and has shown a commitment to mentoring young attorneys in the legal community. Cravath partner Robert H. Baron presented the award to Lauren.

On November 14, 2024, Cravath partner Philip J. Boeckman participated in the American Bar Association’s 2024 International Law Section Fall Conference, which was held from November 13‑15 in London. The Conference marks the 100th anniversary of the ABA’s first London conference in 1924, at which Paul Cravath participated as an Honorary Member of Gray’s Inn. Philip chaired a panel entitled “The Next 100 Years: Crystal Ball Forecasts for UK Corporate Activity and Lawyers for UK Clients,” which assessed critical developments for UK companies, including the listing environment, the rise of private capital, Brexit and more.