Alphabet Inc. has agreed to pay $4.75 billion to buy Intersect Power, a data center infrastructure developer the Google owner has partnered with for about a year, in a deal advised by Cleary Gottlieb Steen & Hamilton LLP and Orrick Herrington & Sutcliffe LLP, the companies said Monday.
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TOP NEWS

Cleary, Orrick Guide Alphabet's $4.75B Data Center Biz Buy

By Charlie Innis

Alphabet Inc. has agreed to pay $4.75 billion to buy Intersect Power, a data center infrastructure developer the Google owner has partnered with for about a year, in a deal advised by Cleary Gottlieb Steen & Hamilton LLP and Orrick Herrington & Sutcliffe LLP, the companies said Monday.

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DOI Pauses Work On East Coast Offshore Wind Projects

By George Woolston

Construction on five offshore wind projects along the Atlantic coast was paused Monday by the U.S. Department of Interior over national security concerns, according to Secretary of the Interior Doug Burgum.

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Mercedes Inks $150M Deal In Emissions Cheating Claims

By Brian Steele

Mercedes-Benz USA LLC and Mercedes-Benz Group AG have reached a nearly $150 million national settlement with state attorneys general amid allegations that they sold and leased vehicles equipped with devices capable of defeating emissions tests.

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OIL AND GAS

Citgo Fights To Ax SF's Climate Claims Before Calif. Panel

By Dorothy Atkins

Citgo urged a California appellate panel Monday to reverse their tentative finding that Golden State courts have personal jurisdiction over certain climate deception claims against oil and gas giants, arguing that local governments' public nuisance allegations are based on "a completely different set of facts" that occurred beyond California's borders.

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ELECTRIC VEHICLES

Rivian Shareholder Sues Top Brass Over Post-IPO Pricing

By Sydney Price

Executives and directors of Rivian Automotive Inc. were hit with an investor's derivative suit accusing them of damaging the company by hiding that its flagship electric vehicles were far more expensive to build than advertised, making price hikes after its initial public offering inevitable.

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MINING

US Magnesium's $11.5M DIP Needs Revisions, Judge Says

By Alex Wittenberg

A Delaware bankruptcy judge Monday declined to grant final approval of US Magnesium's $11.5 million in Chapter 11 financing, saying it was too early to authorize that relief as parties in the case continue to challenge the viability of the debtor's restructuring plans.

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How 2026 NDAA May Ease Entry To Defense Contracting

By Dan Ramish and Zach Prince

Reforms to implement a warfighting acquisition system included in the 2026 National Defense Authorization Act, signed on Dec. 18, are likely to reduce the burdens, risks and barriers that have previously impeded nontraditional defense contractors, say attorneys at Haynes Boone.

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EXPERT ANALYSIS

Nuclear Power Pitfalls And Opportunities To Watch For In 2026

Shepherding nuclear power projects to completion requires navigating more risks and obligations than almost any other infrastructure undertaking, but with the right strategies, states, developers, vendors and contractors can overcome these hurdles in 2026 and beyond, say attorneys at Squire Patton.

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The Major Securities Litigation Rulings And Trends Of 2025

The past 12 months saw increased regulator focus on disclosures concerning artificial intelligence, signs of growing judicial scrutiny at the class certification stage, and shifting regulatory priorities at the U.S. Securities and Exchange Commission — all major developments that may significantly affect securities litigation strategy in 2026 and beyond, say attorneys at Debevoise.

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LEGAL INDUSTRY

Bonus Spotlight

Haynes Boone, Seward & Kissel Announce Year-End Bonuses

By Aebra Coe

Haynes Boone is handing its associates year-end and special bonuses in line with those offered by a significant portion of BigLaw this year, largely adhering to a bonus scale first put forward by Cravath Swaine & Moore LLP in November, a firm spokesperson confirmed Monday.

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Analysis

4 Legal Ethics Matters That Rocked 2025

By Emily Sawicki

This year, judges across the country grappled with attorneys' use and misuse of generative artificial intelligence, and prominent federal prosecutor battles dominated headlines in some of the top legal ethics matters of 2025.

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DOJ Challenges ABA's Standing In Law Firm Intimidation Suit

By Ryan Boysen

The Trump administration is not waging an intimidation campaign against U.S. law firms, the government said Friday, calling an American Bar Association lawsuit challenging its alleged "law firm intimidation policy" as total speculation that must be dismissed due to lack of standing.

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JPMorgan Rips Javice Attys' 'Absurd' Bills For Candy, Booze

By Dorothy Atkins

JPMorgan has unveiled new details in its ongoing legal fee fight with Charlie Javice, accusing the convicted financial aid startup founder's Quinn Emanuel defense counsel and other firms of billing for "absurd" and "outrageous" expenses, including specialty cocktails, cellulite butter, a Cookie Monster toy and $530 on gummy bears.

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Ex-CIA Director's Lawyers Accuse DOJ Of Judge Shopping

By Carolina Bolado

Former CIA Director John Brennan's attorneys asked the chief judge for the Southern District of Florida on Monday to block prosecutors from trying to steer any potential charges against him for investigating Russia's 2016 election interference to U.S. District Judge Aileen Cannon's courtroom.

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Analysis

2025 Was A Policy Year Like No Other For Immigration Attys

By Britain Eakin

This year brought nonstop immigration policy whiplash as the Trump administration ramped up enforcement, triggering panic among employers about I-9 compliance in a landscape of constantly shifting adjudication and work authorization policies. Here, Law360 looks at how policy shifted attorney practice in 2025.

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Calif. Atty Slams 'Protectionist' ABS Fee-Sharing Ban

By Emily Sawicki

A California attorney has pushed back on opposition from California's attorney general and the state's bar association amid his efforts to block enforcement of a ban on fee sharing with out-of-state law firms owned by nonattorneys, arguing the new state law is a "protectionist act, in defiance of the constitution."

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LawFirms.com Beats LegalForce's TM Suit After Bench Trial

By Ivan Moreno

A California judge has concluded that a company that operates LawFirms.com did not infringe a law firm's trademarks for LegalForce, saying that during a four-day bench trial in October the court found "no one was actually confused or misled."

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Schumer Pushes Senate To Sue Over Epstein File Release

By Courtney Bublé

Senate Minority Leader Chuck Schumer, D-N.Y., introduced a resolution on Monday that would direct the Senate to take legal action to force the Trump administration to fully comply with the law to release the files of the late financier and sex offender Jeffrey Epstein.

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Analysis

As US Executions Decline, Florida Surges

By Brandon Lowrey

During Florida's 1994 gubernatorial race, Republican candidate Jeb Bush accused Democratic incumbent Lawton Chiles of being too soft on crime; Chiles' immediate predecessor, Bush pointed out, had signed almost 10 times as many death warrants as Chiles had.

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Catching Up With Delaware's Chancery Court

By Jeff Montgomery

Delaware's justices threw the Court of Chancery in reverse big time last week, rescinding a decision by the state's chancellor that last year effectively canceled tech tycoon Elon Musk's multi-year, then-$56 billion stock-based compensation package. It was a decision that lit up the court's relatively low-key, pre-holiday wind-up. It also highlighted the endless, 3D tug of war over Delaware-chartered companies and the interests of boards, officers, controllers, stockholders and the corporate bar.

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COMPANIES IN TODAY'S NEWS

Above the Law

Adidas AG

Alphabet Inc.

Amalgamated Bank

American Bar Association

American Museum of Natural History

CITGO Petroleum Corp.

Comcast Corp.

ConocoPhillips Co.

Daimler AG

Dominion Energy Inc.

Equinor ASA

Federation Internationale de Football Association

FirstEnergy Corp.

Getty Images Holdings Inc.

GitLab Inc.

Google LLC

ITG Brands LLC

Internet Brands Inc.

Intersect Power LLC

JPMorgan Chase & Co.

LexisNexis Legal & Professional

Macquarie Infrastructure Corp.

Mercedes-Benz USA LLC

Meta Platforms Inc.

Noble Environmental Inc.

Orano USA LLC

Public Co. Accounting Oversight Board

R.J. Reynolds Tobacco Co. Inc.

RELX PLC

Rivian Automotive LLC

Robert Bosch GmbH

Slack Technologies Inc.

Spotify Technology SA

State Bar of California

Tesla Inc.

The Boeing Co.

The Florida Bar

The Goldman Sachs Group Inc.

The Home Depot Inc.

The Renco Group

Uber Eats

Uber Technologies Inc.

Uniswap Labs

Vineyard Wind LLC

Volkswagen AG

WebMD LLC

Wells Fargo & Co.

Westinghouse Electric Co. LLC

Zillow Group Inc.

LAW FIRMS IN TODAY'S NEWS

Axinn Veltrop

Barnes & Thornburg

Buchalter APC

Burr & Forman

Bursor & Fisher

Cleary Gottlieb

Cohne Kinghorn

Cole Schotz

Colombo & Hurd

Covington & Burling

Cozen O'Connor

Cravath Swaine

Debevoise & Plimpton

Eimer Stahl

Eversheds Sutherland

Faegre Drinker

Gellert Seitz

Gibson Dunn

Glenn Agre

Greenberg Traurig

Haynes Boone

Hogan McDaniel

Jenner & Block

Kirkland & Ellis

Latham & Watkins

LegalForce RAPC

Leonard Dicker & Schreiber

MH Sub I LLC

Mayer Brown

McGuireWoods

McKool Smith

Mintz Levin

Orrick Herrington

Paul Weiss

Perkins Coie

Potter Anderson

Quinn Emanuel

Robbins LLP

Saul Ewing

Schwartz White

Seward & Kissel

Sher Edling

Skadden Arps

Squire Patton

Susman Godfrey

Wilkinson Stekloff

WilmerHale

Wisner Baum

iGeneral Counsel PC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Arkansas Teacher Retirement System

Bureau of Ocean Energy Management

California Department of Justice

California Supreme Court

Central Intelligence Agency

Connecticut Attorney General's Office

Defense Contract Audit Agency

Defense Contract Management Agency

Delaware Attorney General's Office

Delaware Court of Chancery

Executive Office of the President

Federal Acquisition Regulatory Council

Federal Bureau of Investigation

Florida Supreme Court

Homeland Security Investigations

U.S. Attorney's Office

U.S. Bankruptcy Court for the District of Delaware

U.S. Citizenship and Immigration Services

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Department of Defense

U.S. Department of Justice

U.S. Department of the Interior

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of Connecticut

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of New York

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. Environmental Protection Agency

U.S. General Services Administration

U.S. Government Accountability Office

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United Nations

United States District Court for the Southern District of Ohio

Utah Attorney General's Office