Cravath’s New York Office Moves to Two Manhattan West
Led by two former Commissioners of the Federal Trade Commission (FTC)–one of whom also served as U.S. Assistant Attorney General for Antitrust at the Department of Justice (DOJ)–Cravath’s highly regarded antitrust practice provides a wealth of experience and insight with respect to formulating global antitrust strategy, securing regulatory clearance for mergers and acquisitions, and bringing or defending against charges of anticompetitive behavior. Clients turn to Cravath for their most significant—and often unprecedented—antitrust concerns, and we have played a central role in industry‑shaping competition matters for decades.
Our interdisciplinary antitrust team handles regulatory clearance for some of the world’s largest transactions, including in recent years advising on Anheuser‑Busch InBev’s $123 billion acquisition of SABMiller; British American Tobacco’s $97 billion merger with Reynolds American; Mylan’s $50 billion combination with Upjohn to form Viatris; and Afterpay’s $29 billion acquisition by Square. We regularly interface with competition agencies in the United States and internationally, and we work closely with our clients to develop a deep understanding of their business. Our integrated approach positions us not only to provide the “answer,” but also to assist each client in finding the right and workable business solution.
Complex antitrust litigation is a hallmark of Cravath’s practice, and we bring to bear courtroom excellence and government experience to deliver the most comprehensive, innovative and tactical antitrust advice to our clients around the world. We handle private antitrust litigation covering the entire spectrum, from managing class actions spread across the country to litigating individual actions in a single jurisdiction. Trained as generalists, our litigators see the broader picture and are able to navigate the intersection between antitrust law and other areas, including securities and intellectual property, to devise creative and holistic solutions.
We also excel at critical enforcement actions, with an exceptional track record trying and winning cases against the government. “As antitrust enforcement ramps up globally, Cravath has taken [on] a number of high‑profile cases in the new regulatory environment,” ultimately securing major victories for our clients in closely watched actions against both the FTC and DOJ. (The American Lawyer)
In addition, we handle a variety of public and non-public antitrust‑related governmental investigations domestically and around the world, including investigations related to transactions and allegations of price fixing, coordination in output, monopolization and industry‑wide conspiracy.
Year after year, Cravath’s team is recognized at the top of the nation’s most highly regarded antitrust practices. Chambers USA distinguishes our attorneys for handling “cutting‑edge matters at the forefront of antitrust,” and has repeatedly named Cravath its “Antitrust Law Firm of the Year.” We also have been named Benchmark Litigation’s “Antitrust Firm of the Year” and honored numerous times as “Regional Firm of the Year – Americas” by Global Competition Review (“GCR”) and “Competition Practice Group of the Year” by Law360. The Firm’s transactional and litigation matters are frequently recognized for their innovation and impact by Benchmark Litigation, GCR, and the Financial Times. In addition, we are consistently ranked as a top tier firm by leading industry publications including Benchmark Litigation, Chambers USA, GCR and The Legal 500 US.
Our team has earned repeated praise from clients, the market and the press, including:
Our interdisciplinary antitrust team handles regulatory clearance for some of the world’s largest transactions, including in recent years advising on Anheuser‑Busch InBev’s $123 billion acquisition of SABMiller; British American Tobacco’s $97 billion merger with Reynolds American; Mylan’s $50 billion combination with Upjohn to form Viatris; and Afterpay’s $29 billion acquisition by Square. We regularly interface with competition agencies in the United States and internationally, and we work closely with our clients to develop a deep understanding of their business. Our integrated approach positions us not only to provide the “answer,” but also to assist each client in finding the right and workable business solution.
Complex antitrust litigation is a hallmark of Cravath’s practice, and we bring to bear courtroom excellence and government experience to deliver the most comprehensive, innovative and tactical antitrust advice to our clients around the world. We handle private antitrust litigation covering the entire spectrum, from managing class actions spread across the country to litigating individual actions in a single jurisdiction. Trained as generalists, our litigators see the broader picture and are able to navigate the intersection between antitrust law and other areas, including securities and intellectual property, to devise creative and holistic solutions.
We also excel at critical enforcement actions, with an exceptional track record trying and winning cases against the government. “As antitrust enforcement ramps up globally, Cravath has taken [on] a number of high‑profile cases in the new regulatory environment,” ultimately securing major victories for our clients in closely watched actions against both the FTC and DOJ. (The American Lawyer)
In addition, we handle a variety of public and non-public antitrust‑related governmental investigations domestically and around the world, including investigations related to transactions and allegations of price fixing, coordination in output, monopolization and industry‑wide conspiracy.
Year after year, Cravath’s team is recognized at the top of the nation’s most highly regarded antitrust practices. Chambers USA distinguishes our attorneys for handling “cutting‑edge matters at the forefront of antitrust,” and has repeatedly named Cravath its “Antitrust Law Firm of the Year.” We also have been named Benchmark Litigation’s “Antitrust Firm of the Year” and honored numerous times as “Regional Firm of the Year – Americas” by Global Competition Review (“GCR”) and “Competition Practice Group of the Year” by Law360. The Firm’s transactional and litigation matters are frequently recognized for their innovation and impact by Benchmark Litigation, GCR, and the Financial Times. In addition, we are consistently ranked as a top tier firm by leading industry publications including Benchmark Litigation, Chambers USA, GCR and The Legal 500 US.
Our team has earned repeated praise from clients, the market and the press, including:
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
October 07, 2024
On October 4, 2024, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products, announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all‑cash transaction based on an enterprise value of $1.125 billion. In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group, increasing the purchase price for The Kinetic Group to $2.225 billion. Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
September 19, 2024
On September 13, 2024, the United States District Court for the Southern District of New York dismissed a putative class action antitrust lawsuit brought by Oklahoma Firefighters Pension and Retirement System, a public pension fund for Oklahoma firefighters, against five banks and their United States affiliates, including Cravath client Morgan Stanley and co‑defendants Deutsche Bank, Citigroup, HSBC and RBC.
Deals & Cases
September 10, 2024
On September 9, 2024, IBM announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications. This acquisition expands IBM's Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management and customer transformation. Cravath is representing IBM in connection with the transaction.
Deals & Cases
September 05, 2024
On September 5, 2024, Verizon Communications Inc. and Frontier Communications Parent, Inc. (“Frontier”), the largest pure‑play fiber provider in the U.S., announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all‑cash transaction valued at $20 billion. Cravath is representing Frontier in connection with the transaction.
Activities & Publications
October 17, 2024
On October 15, 2024, Cravath prepared a memo for its clients entitled “FTC Issues Final HSR Rules.” The memo examines the Federal Trade Commission and the Department of Justice Antitrust Division’s final version of the new Hart‑Scott‑Rodino (HSR) rules, which modify the initial proposed rules released in June 2023. The memo summarizes the HSR rules, which require parties to inform the agencies of proposed acquisitions through a filing process, including notable changes from the current and proposed rules and their implications for filing parties.
Activities & Publications
October 09, 2024
On September 30, 2024, Cravath partner Noah Joshua Phillips participated in Goldman Sachs’s annual Policy Outlook Conference, which was held in Washington, D.C. The event convened senior investors, former and current administration officials and subject matter experts to discuss a range of market‑relevant policy topics, including tax and fiscal policy, monetary policy, financial regulation and the broader M&A landscape. Noah spoke about the current competition policy environment.
Activities & Publications
September 23, 2024
Cravath partners Alyssa K. Caples, Margaret T. Segall, Nicholas A. Dorsey, C. Daniel Haaren and Bethany A. Pfalzgraf spoke at the International Bar Association’s 2024 Annual Conference, which was held September 15‑20 in Mexico City and convened legal professionals from across the globe.
Accolades
September 23, 2024
Gary A. Bornstein was named to The Hollywood Reporter’s “New York Power Lawyers” list, which recognizes the “25 most powerful entertainment lawyers in New York” and was published in the September 19, 2024 issue of The Hollywood Reporter Magazine. The feature highlighted Gary’s representation of Epic Games in its successful antitrust litigation against Google and of a Special Committee of Paramount Global’s independent directors in connection with litigation matters related to the company’s pending $28 billion merger with Skydance.
Accolades
September 19, 2024
On September 4, 2024, Cravath partner Michael J. Zaken was named by Global Competition Review to its 2024 “40 Under 40” list, which recognizes “the next generation of leading antitrust practitioners.” In a Q&A feature associated with the accolade, Michael discussed his recent work for client Epic Games in an antitrust trial victory against Google, as well as the crucial influence on his legal career of Cravath partners Christine A. Varney and Gary A. Bornstein. Reflecting on his advice for junior lawyers, Michael emphasized the importance of “diving headlong into your cases” and learning every fact about the industry, which makes you “an indispensable resource to the firm and to the client.”
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
October 07, 2024
On October 4, 2024, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products, announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all‑cash transaction based on an enterprise value of $1.125 billion. In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group, increasing the purchase price for The Kinetic Group to $2.225 billion. Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
September 19, 2024
On September 13, 2024, the United States District Court for the Southern District of New York dismissed a putative class action antitrust lawsuit brought by Oklahoma Firefighters Pension and Retirement System, a public pension fund for Oklahoma firefighters, against five banks and their United States affiliates, including Cravath client Morgan Stanley and co‑defendants Deutsche Bank, Citigroup, HSBC and RBC.
Deals & Cases
September 10, 2024
On September 9, 2024, IBM announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications. This acquisition expands IBM's Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management and customer transformation. Cravath is representing IBM in connection with the transaction.
Deals & Cases
September 05, 2024
On September 5, 2024, Verizon Communications Inc. and Frontier Communications Parent, Inc. (“Frontier”), the largest pure‑play fiber provider in the U.S., announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all‑cash transaction valued at $20 billion. Cravath is representing Frontier in connection with the transaction.
Activities & Publications
October 17, 2024
On October 15, 2024, Cravath prepared a memo for its clients entitled “FTC Issues Final HSR Rules.” The memo examines the Federal Trade Commission and the Department of Justice Antitrust Division’s final version of the new Hart‑Scott‑Rodino (HSR) rules, which modify the initial proposed rules released in June 2023. The memo summarizes the HSR rules, which require parties to inform the agencies of proposed acquisitions through a filing process, including notable changes from the current and proposed rules and their implications for filing parties.
Activities & Publications
October 09, 2024
On September 30, 2024, Cravath partner Noah Joshua Phillips participated in Goldman Sachs’s annual Policy Outlook Conference, which was held in Washington, D.C. The event convened senior investors, former and current administration officials and subject matter experts to discuss a range of market‑relevant policy topics, including tax and fiscal policy, monetary policy, financial regulation and the broader M&A landscape. Noah spoke about the current competition policy environment.
Activities & Publications
September 23, 2024
Cravath partners Alyssa K. Caples, Margaret T. Segall, Nicholas A. Dorsey, C. Daniel Haaren and Bethany A. Pfalzgraf spoke at the International Bar Association’s 2024 Annual Conference, which was held September 15‑20 in Mexico City and convened legal professionals from across the globe.
Accolades
September 23, 2024
Gary A. Bornstein was named to The Hollywood Reporter’s “New York Power Lawyers” list, which recognizes the “25 most powerful entertainment lawyers in New York” and was published in the September 19, 2024 issue of The Hollywood Reporter Magazine. The feature highlighted Gary’s representation of Epic Games in its successful antitrust litigation against Google and of a Special Committee of Paramount Global’s independent directors in connection with litigation matters related to the company’s pending $28 billion merger with Skydance.
Accolades
September 19, 2024
On September 4, 2024, Cravath partner Michael J. Zaken was named by Global Competition Review to its 2024 “40 Under 40” list, which recognizes “the next generation of leading antitrust practitioners.” In a Q&A feature associated with the accolade, Michael discussed his recent work for client Epic Games in an antitrust trial victory against Google, as well as the crucial influence on his legal career of Cravath partners Christine A. Varney and Gary A. Bornstein. Reflecting on his advice for junior lawyers, Michael emphasized the importance of “diving headlong into your cases” and learning every fact about the industry, which makes you “an indispensable resource to the firm and to the client.”
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