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Cravath, Swaine & Moore

Litigation 2011

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InnovationChallenging subject matter jurisdiction in the Vivendi "F-cubed" securities litigation
DescriptionPursuing litigation rather than a settlement in the first F-cubed case, the firm was at the forefront of redefining the law on the extraterritorial reach of the US Securities Exchange Act. It advised the UK government as amicus curiae in Morrison versus National Australia Bank, and the decision has saved Vivendi $9bn in potential damages.