Sullivan & Cromwell LLP

S&C is hosting an Insight Day in London on September 18. Daniela Hohwieler, second year trainee, shares three tips for success on the day. Apply by September 4 at https://lnkd.in/eBM3Ett4

An S&C team including Mark Menting, Ethan Chess, Ashray Gautam, Matt Friestedt and Sarah Remmer Long is advising First Busey in its agreement to merge with CrossFirst for $918.6 million in stock. Learn more: https://lnkd.in/gtigRJv3

In this episode of S&C’s Critical Insights, Nader Mousavi, Co-head of S&C’s Artificial Intelligence Practice, and Jay Clayton, Senior Policy Advisor and Of Counsel to S&C, discuss key considerations for boards in their oversight of a company’s AI technologies and policies, and how to build an effective AI governance framework. Listen to the full episode: https://lnkd.in/gYkfYc87

An S&C team including Neal McKnight, Benjamin Kent, Nicholas Baker and Dominick Gambino advised Fiserv on two recent senior unsecured notes offerings totaling $3.75 billion. These transactions mark the latest in S&C’s ongoing support of Fiserv’s financing activities. Learn more: https://lnkd.in/gsfjpWQd

In 2024, we have seen continued activity and interest in energy transition projects and regulations in the United States, the European Union and across the world. In our Energy Transition Mid-Year Review, we outline major developments since the beginning of the year. Subscribe to our memos: https://lnkd.in/eJ2NJfei Learn more: https://lnkd.in/eYGBPfyM

In a case involving one of the most controversial and consequential employment regulations ever, which would have invalidated 30 million employment contracts nationwide, S&C helped persuade a federal district court to vacate the Federal Trade Commission’s rule banning noncompete agreements. In its decision vacating the rule, a judge in the Northern District of Texas held that the rule exceeded the FTC’s statutory authority and was arbitrary and capricious. This marked the first nationwide decision declaring the FTC’s noncompete rule unlawful. S&C represented plaintiff-intervenors the United States Chamber of Commerce, Business Roundtable, Texas Association of Business, and Longview Chamber of Commerce. The team includes Jeff Wall, Judson Littleton, Rebecca Rowland, and Stephen Paul. Jeff and Judd were named “Legal Lions Of The Week” by Law360 for this result. Learn more: https://lnkd.in/eDtPaUav

June Hu, Special Counsel in S&C’s General Practice Group and Coordinator of the Firm’s ESG Practice, spoke with Reuters to discuss ESG trends and developments in the 2024 proxy season. June highlighted how the increase in ESG-related regulations is causing uncertainty in the corporate governance landscape and noted new ways shareholders are bringing proposals to vote. Read the article: https://lnkd.in/eUUNQWzp Learn more: https://lnkd.in/e7hKj2Tv

S&C has been named to The National Law Journal’s “Appellate Hot List” for recent wins including a unanimous U.S. Supreme Court reversal in Great Lakes Insurance v. Raiders Retreat Realty, an important case for the maritime insurance industry, and for Goldman Sachs in the most closely watched securities case in recent years, with the Second Circuit reversing the certification of a class of Goldman Sachs shareholders seeking $13 billion after 13 years of litigation. Learn more: https://lnkd.in/ggA-CpzV

For his major trial victories for Bayer, Signify, Columbia University, Ocado and others across several disparate practice areas, the National Law Journal has named Dustin Guzior a finalist for its annual “Winning Litigator” award, which is the NLJ’s award for the top litigator of the year. Learn more: https://lnkd.in/gC7keBAu

The NAIC recently held their Summer National Meeting. This memorandum discusses key developments relating to private equity ownership of insurers. Subscribe to our memos: https://lnkd.in/eJ2NJfei Learn more: https://lnkd.in/gBx6WvW8