Cravath’s New York Office Moves to Two Manhattan West
October 28, 2021
On October 27, 2021, Scientific Games Corporation (“Scientific Games”) announced that it has entered into a definitive agreement to sell its Lottery business, a leading, diversified global lottery partner with long‑standing relationships with approximately 130 government and non‑government lottery entities in over 50 countries, to Brookfield Business Partners L.P. together with its institutional partners (collectively, “Brookfield”) for total consideration of $6.05 billion consisting of $5.825 billion in cash and an earn‑out of up to $225 million based on the achievement of certain EBIDTA targets in 2022 and 2023. Cravath is representing Scientific Games in connection with the transaction.
The Cravath team is led by partner Robert I. Townsend III and includes associates Kelly M. Smercina, D. Ana Choi, Fay E. Krewer and Paul A. Bryant on M&A matters; partner Michael S. Goldman on financing matters; partners Craig F. Arcella, Nicholas A. Dorsey and Sasha Rosenthal‑Larrea and associates Lee M. Blum, Fay E. Krewer, Rachael E. Joseph and Callum A.F. Sproule on capital markets matters; partner J. Leonard Teti II and associates Andrew T. Davis, Cecily Xi, Duncan H. Hardell and Joana W. Li on tax matters; partner Yonatan Even, senior attorney Jesse M. Weiss and practice area attorney Nicole M. Peles on regulatory matters; partner Matthew J. Bobby, practice area attorney Sarah W. Colangelo and associates Jana I. Hymowitz, David Crampton and Laura S. Lee on executive compensation and benefits matters; partner David J. Kappos, practice area attorney Anthony N. Magistrale and associate Carys J. Webb on intellectual property matters; partner Matthew Morreale on environmental matters; practice area attorney Brian M. Budnick on real estate matters; and associates William D. Podurgiel and Jonathan S. Madorsky on corporate governance and disclosure matters. William Council also worked on M&A matters, Mariel V. Mok also worked on capital markets matters and Michael C. Grant also worked on regulatory matters.
Deals & Cases
October 15, 2024
On October 7, 2024, the U.S. District Court for the Northern District of California entered a post‑trial order in favor of Cravath client Epic Games imposing a nationwide three‑year permanent injunction against Google. The injunction, which follows Epic’s jury trial win against Google last year, prohibits Google from paying competitors not to compete and requires Google to distribute alternative app stores on the Google Play Store and provide alternative app stores with access to the Google Play Store’s catalog of apps.
Deals & Cases
December 19, 2023
On December 11, 2023, a jury unanimously ruled in favor of Cravath client Epic Games (“Epic”) on all counts in its closely watched antitrust case against Google in the U.S. District Court for the Northern District of California, determining—after a multiweek trial—that Google has engaged in anticompetitive behavior in the distribution of mobile apps and in the handling of in‑app payments.
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