Cravath’s New York Office Moves to Two Manhattan West
Cravath has played an important role in shaping the current media and entertainment landscape. For over a century, the Firm has served as a trusted advisor to industry titans in transformational transactions and litigation throughout the world.
The depth of our experience in high-stakes media and entertainment matters provides our lawyers with valuable insights into sector-specific legal issues and risks, as well as the trends driving the industry.
Our corporate experience includes domestic and cross-border mergers, acquisitions and divestitures; spin-offs, joint ventures and strategic investments; bank financings; IPOs and other securities offerings; corporate board advisory and environmental, social and governance (“ESG”) matters; and financial restructuring and reorganization.
Our litigators have noteworthy insight into the particular industry‑specific issues that are affected by antitrust, securities and general commercial litigation, as well as contractual disputes, intellectual property disputes and governmental regulatory investigations.
The depth of our experience in high-stakes media and entertainment matters provides our lawyers with valuable insights into sector-specific legal issues and risks, as well as the trends driving the industry.
Our corporate experience includes domestic and cross-border mergers, acquisitions and divestitures; spin-offs, joint ventures and strategic investments; bank financings; IPOs and other securities offerings; corporate board advisory and environmental, social and governance (“ESG”) matters; and financial restructuring and reorganization.
Our litigators have noteworthy insight into the particular industry‑specific issues that are affected by antitrust, securities and general commercial litigation, as well as contractual disputes, intellectual property disputes and governmental regulatory investigations.
Deals & Cases
May 28, 2024
Cravath represented Hasbro, Inc. in connection with its $500 million registered notes offering. Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company. The transaction closed on May 14, 2024.
Deals & Cases
May 16, 2024
Cravath represented the joint lead arrangers and joint bookrunners in connection with $1.3 billion of credit facilities made available to Cedar Fair, L.P., and certain of its subsidiaries, as part of the financing transactions undertaken in connection with the pending merger of Cedar Fair, L.P. and Six Flags Entertainment Corporation, two of the largest regional amusement park operators in the world. The facilities consisted of a $1.0 billion term loan facility and a $300 million revolving credit facility. The transaction closed on May 1, 2024.
Deals & Cases
May 11, 2024
On May 9, 2024, the U.S. Supreme Court ruled in favor of Cravath client Sherman Nealy, affirming the U.S. Court of Appeals for the Eleventh Circuit’s ruling that the Copyright Act entitles a copyright owner to obtain damages for any timely filed infringement claim, regardless of when the infringement occurred. The Supreme Court’s decision resolves a split between the Ninth and Eleventh Circuits and the Second Circuit and holds that Nealy may seek damages for copyright infringement claims against Warner Chappell Music.
Deals & Cases
April 10, 2024
Cravath represented Juventus Football Club S.p.A., as U.S. counsel, in connection with its €200 million offering of new ordinary shares with transferable pre‑emptive subscription rights granted to existing shareholders. Juventus Football Club S.p.A. operates as a leading professional football club in Italy. Its core business centers around the football club’s participation in national and international football competitions. The shares were listed on Euronext Milan. The transaction closed on March 27, 2024.
Deals & Cases
April 04, 2024
On April 3, 2024, The Walt Disney Company (“Disney”) announced that, based on the tabulation of its proxy solicitor, it appears that Disney’s full slate of 12 directors has been elected by a substantial margin over the nominees of Trian and Blackwells at Disney’s 2024 Annual Meeting of Shareholders. Cravath is representing Disney in connection with this matter.
Accolades
June 24, 2024
On June 13, 2024, The Paley Center for Media recognized Cravath Presiding Partner Faiza J. Saeed at its annual Paley Honors gala, which was held in New York in celebration of “visionary leaders from across media, entertainment and business.” Faiza received The Paley Honors Award—the organization’s highest honor—alongside former New York City mayor Michael R. Bloomberg and film director and producer Ron Howard, for their “unmatched contributions to media.” The Paley Center described Faiza as “a trusted advisor, visionary leader and one of the most respected legal minds of our time,” and “a principal architect of the modern media landscape.”
Accolades
June 07, 2024
The 2024 edition of Chambers USA ranked Cravath in the top tier nationally in seven areas: Antitrust; Capital Markets (Investment Grade Debt – Issuer Counsel); Capital Markets (Investment Grade Debt – Manager Counsel); Corporate/M&A (The Elite); Securities (Litigation); Securities (Regulation – Advisory); and Tax (Corporate & Finance). In New York, the Firm was ranked in the top tier in seven areas: Antitrust; Corporate/M&A (The Elite); Environment (Mainly Transactional); Litigation (General Commercial: The Elite); Litigation (Securities); Media & Entertainment (Corporate); and Tax. Forty‑seven Cravath lawyers were ranked across 18 practice categories.
Activities & Publications
May 06, 2024
On April 22, 2024, Tax Notes State published an article written by Cravath partners J. Leonard Teti II and Jonathan J. Katz entitled “Ohtani: State Tax Planning Potential of Deferred Compensation.” The article examines how Shohei Ohtani’s record‑breaking contract with the Los Angeles Dodgers highlights a very typical deferred compensation state planning opportunity on a grand scale and discusses the potential of similar structures in the corporate setting.
Accolades
April 16, 2024
On April 9, 2024, Global Competition Review honored Cravath at the publication’s annual awards ceremony, which was held in Washington, D.C. in celebration of “the world’s leading antitrust matters, lawyers and economists from 2023.” The Firm was honored with the “Litigation of the Year – Non‑Cartel Prosecution” award for “creative, strategic and innovative litigation” during its representation of Epic Games in an antitrust trial victory against Google.
Activities & Publications
April 05, 2024
Cravath partner David J. Kappos and of counsel Christopher Davis participated in the 31st Annual Intellectual Property Law & Policy Conference, which was hosted by Fordham Law School from April 4‑5, 2024 in New York. Dave delivered a presentation entitled “The U.S. IP System Is Under Siege,” which reviewed the IP atmosphere in the U.S., including COVID vaccine IP waivers; COVID therapeutic and diagnostic waivers; accusations of “evergreening” and “patent thickets” in the biopharma area; and standard essential patent rate-setting by the European Union Intellectual Property Office. Chris spoke on a panel entitled “U.S. Copyright Developments,” which examined the future of fair use in light of Andy Warhol Foundation v. Goldsmith, the progress of the Copyright Claims Board and more.
Deals & Cases
May 28, 2024
Cravath represented Hasbro, Inc. in connection with its $500 million registered notes offering. Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company. The transaction closed on May 14, 2024.
Deals & Cases
May 16, 2024
Cravath represented the joint lead arrangers and joint bookrunners in connection with $1.3 billion of credit facilities made available to Cedar Fair, L.P., and certain of its subsidiaries, as part of the financing transactions undertaken in connection with the pending merger of Cedar Fair, L.P. and Six Flags Entertainment Corporation, two of the largest regional amusement park operators in the world. The facilities consisted of a $1.0 billion term loan facility and a $300 million revolving credit facility. The transaction closed on May 1, 2024.
Deals & Cases
May 11, 2024
On May 9, 2024, the U.S. Supreme Court ruled in favor of Cravath client Sherman Nealy, affirming the U.S. Court of Appeals for the Eleventh Circuit’s ruling that the Copyright Act entitles a copyright owner to obtain damages for any timely filed infringement claim, regardless of when the infringement occurred. The Supreme Court’s decision resolves a split between the Ninth and Eleventh Circuits and the Second Circuit and holds that Nealy may seek damages for copyright infringement claims against Warner Chappell Music.
Deals & Cases
April 10, 2024
Cravath represented Juventus Football Club S.p.A., as U.S. counsel, in connection with its €200 million offering of new ordinary shares with transferable pre‑emptive subscription rights granted to existing shareholders. Juventus Football Club S.p.A. operates as a leading professional football club in Italy. Its core business centers around the football club’s participation in national and international football competitions. The shares were listed on Euronext Milan. The transaction closed on March 27, 2024.
Deals & Cases
April 04, 2024
On April 3, 2024, The Walt Disney Company (“Disney”) announced that, based on the tabulation of its proxy solicitor, it appears that Disney’s full slate of 12 directors has been elected by a substantial margin over the nominees of Trian and Blackwells at Disney’s 2024 Annual Meeting of Shareholders. Cravath is representing Disney in connection with this matter.
Accolades
June 24, 2024
On June 13, 2024, The Paley Center for Media recognized Cravath Presiding Partner Faiza J. Saeed at its annual Paley Honors gala, which was held in New York in celebration of “visionary leaders from across media, entertainment and business.” Faiza received The Paley Honors Award—the organization’s highest honor—alongside former New York City mayor Michael R. Bloomberg and film director and producer Ron Howard, for their “unmatched contributions to media.” The Paley Center described Faiza as “a trusted advisor, visionary leader and one of the most respected legal minds of our time,” and “a principal architect of the modern media landscape.”
Accolades
June 07, 2024
The 2024 edition of Chambers USA ranked Cravath in the top tier nationally in seven areas: Antitrust; Capital Markets (Investment Grade Debt – Issuer Counsel); Capital Markets (Investment Grade Debt – Manager Counsel); Corporate/M&A (The Elite); Securities (Litigation); Securities (Regulation – Advisory); and Tax (Corporate & Finance). In New York, the Firm was ranked in the top tier in seven areas: Antitrust; Corporate/M&A (The Elite); Environment (Mainly Transactional); Litigation (General Commercial: The Elite); Litigation (Securities); Media & Entertainment (Corporate); and Tax. Forty‑seven Cravath lawyers were ranked across 18 practice categories.
Activities & Publications
May 06, 2024
On April 22, 2024, Tax Notes State published an article written by Cravath partners J. Leonard Teti II and Jonathan J. Katz entitled “Ohtani: State Tax Planning Potential of Deferred Compensation.” The article examines how Shohei Ohtani’s record‑breaking contract with the Los Angeles Dodgers highlights a very typical deferred compensation state planning opportunity on a grand scale and discusses the potential of similar structures in the corporate setting.
Accolades
April 16, 2024
On April 9, 2024, Global Competition Review honored Cravath at the publication’s annual awards ceremony, which was held in Washington, D.C. in celebration of “the world’s leading antitrust matters, lawyers and economists from 2023.” The Firm was honored with the “Litigation of the Year – Non‑Cartel Prosecution” award for “creative, strategic and innovative litigation” during its representation of Epic Games in an antitrust trial victory against Google.
Activities & Publications
April 05, 2024
Cravath partner David J. Kappos and of counsel Christopher Davis participated in the 31st Annual Intellectual Property Law & Policy Conference, which was hosted by Fordham Law School from April 4‑5, 2024 in New York. Dave delivered a presentation entitled “The U.S. IP System Is Under Siege,” which reviewed the IP atmosphere in the U.S., including COVID vaccine IP waivers; COVID therapeutic and diagnostic waivers; accusations of “evergreening” and “patent thickets” in the biopharma area; and standard essential patent rate-setting by the European Union Intellectual Property Office. Chris spoke on a panel entitled “U.S. Copyright Developments,” which examined the future of fair use in light of Andy Warhol Foundation v. Goldsmith, the progress of the Copyright Claims Board and more.
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