OpenAI announced a strategic partnership with Cerebras to add 750MW of ultra low-latency AI compute to OpenAI’s platform. Cerebras builds purpose-built AI systems to accelerate long outputs from AI ...

Brian Glueckstein, a partner in S&C’s Restructuring and Litigation Groups, has been named to Turnarounds & Workouts’ “Outstanding Restructuring Lawyers 2025” list.

Tyler Hill is a partner in Sullivan & Cromwell’s General Practice Group. Tyler has broad experience within the firm’s mergers and acquisitions and capital markets practice areas, including work for ...

On October 7, 2025, the FDIC and the OCC jointly issued a proposal to define the term “unsafe or unsound practice” under section 8 of the FDIA (12 U.S.C. § 1818.

FDIC and OCC Issue NPR to Eliminate ‘Reputation Risk’ from Supervisory Programs ...

Sixth Circuit Clarifies Critical Issues Regarding Reliance and Damages at Class Certification in Securities Fraud Case ...

President Trump signed an Executive Order titled “Guaranteeing Fair Banking for All Americans.” The Order states that “[i]t is the policy of the United States that no American should be denied access ...

Summary The federal government shutdown commenced at midnight on October 1, 2025, and proposals to reopen the government failed on October 3, extending the shutdown further into the fourth quarter. On ...

For more information on these and other developments, we encourage you to reach out to your regular Sullivan & Cromwell contact. Highlights In this issue, we discuss key developments in Q3 2025, ...

Acting FDIC Chairman Hill Offers Lessons Learned from 2023 Bank Failures and Discusses Potential Streamlining of Resolution Plan Requirements and Improvements to ...

In a Decision that Turned on Market Definition, the U.S. District Court for the District of Columbia Ruled that the FTC Failed to Prove that Meta Illegally Maintained a Monopoly ...

On September 29, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued an immediately effective interim final rule (referred to as the “Affiliates Rule”) which amends ...