Litigation

On February 10, 2025, the Superior Court of California, County of San Mateo, granted summary judgment in favor of Cravath client Dfinity Foundation (“Dfinity), a Swiss not‑for‑profit entity working to create a smart contract platform designed to power blockchain versions of popular internet applications, in purported class action securities litigation.

On January 22, 2025, Eros Media World plc, a global media and entertainment company, announced that its internal review of certain accounting practices and internal controls has been concluded, with the Audit Committee determining that no revenues of the Company recognized during the fiscal year ended March 31, 2020, were inappropriately recognized, and finding no impairment in the intangible assets and goodwill reflected on the Company’s Form 6‑K dated March 31, 2021. In addition, the Audit Committee found no material weaknesses in internal controls over financial reporting.

On January 6, 2025, The Walt Disney Company (“Disney”) and FuboTV Inc. (“Fubo) announced that they have entered into a definitive agreement for Disney to combine its Hulu + Live TV business with Fubo, forming a combined virtual MVPD company of which Disney will become the majority owner.

On October 31, 2024, Sterling Check Corp. announced the closing of its acquisition by First Advantage Corporation, with a transaction value of approximately $2.2 billion. Sterling and First Advantage are both global providers of technology‑enabled background and identity verification services. As publicly announced, the companies entered a merger agreement on February 29, 2024, and received second requests from the Department of Justice on May 28, 2024. The parties announced the satisfaction of regulatory closing conditions on October 29, 2024. Cravath represented Sterling on all antitrust matters in connection with the transaction.

On October 15, 2024, the United States Court of Appeals for the Federal Circuit affirmed an inter partes review (“IPR”) decision by the Patent Trial and Appeal Board (“PTAB”) in favor of Cravath client ADT Inc., invalidating all claims of a patent at issue in litigation brought by Vivint, Inc.

On February 26, 2025, Cravath and Harvard Law School hosted a program to celebrate the work of the Cravath International Fellows, which was held in Cambridge, Massachusetts. Established in 2006 by Cravath partners who are Harvard Law School alumni, under the leadership of the late Robert D. Joffe, the Cravath International Fellowships program provides financial assistance, including travel and living expenses, to students pursuing academic projects during their Winter Term with an international, transnational or comparative law focus. Approximately 12 Cravath International Fellowships are awarded annually.

On February 20, 2025, Cravath was featured by Law360 as a “Competition Practice Group of the Year.” The profile highlighted the Firm’s representations across litigation and antitrust clearance, including a “trailblazing antitrust verdict” for Epic Games in its trial victory against Google and the Firm’s successful antitrust guidance of Cisco Systems in its $28 billion acquisition of Splunk and of Aon PLC in its $13 billion acquisition of NFP. The profile also recognized Cravath’s successful defense of Robinhood Markets Inc. in antitrust claims before the Eleventh Circuit and victories for Meta in putative class action and individual antitrust litigation resulting in the dismissal of all claims.

Cravath partner Timothy G. Cameron and associate Michael Cheng authored the United States chapter of Lexology In‑Depth’s “Dispute Resolution - Edition 17,” which was published on January 24, 2025. The chapter provides an in‑depth overview of the U.S. federal and state court systems, covering how district, bankruptcy and other special trial courts are organized, as well as the procedural rules applicable in federal courts. The chapter also reviews several notable U.S. Supreme Court decisions from 2024.

Cravath partners John W. White, Michael L. Arnold, Helam Gebremariam and Ryan J. Patrone participated in the 41st Annual Federal Securities Institute, which was hosted by the Business Law Section of the Florida Bar in Tampa, Florida from February 24‑25, 2025 and brought together corporate, M&A and securities practitioners, in‑house counsel, executives and advisors to discuss various topics in corporate law, including structuring acquisitions and capital‑raising transactions, navigating regulatory enforcement issues and corporate governance.

On February 13, 2025, Cravath was featured by Law360 as an “Energy Practice Group of the Year.” The profile highlighted the Firm’s “groundbreaking legal wins” for prominent companies in the energy sector, including its representation of The Williams Companies, Inc. in its Delaware Supreme Court victory affirming a trial win with $600 million judgment and PG&E in a victory before the California Supreme Court shielding the company from liability for public safety power shutoffs. The profile also recognized Cravath’s consistent work on multibillion‑dollar M&A and project finance deals across the sector, including the Firm’s representation of Brookfield Renewable in its and Cameco’s $7.875 billion acquisition of Westinghouse and its $2.8 billion acquisition of Duke Energy Renewables.