4 Firms Guide Meta, BlackRock's $14B Data Center Project

By Isaac Monterose

Meta and BlackRock are teaming up to develop a $14 billion, 1-gigawatt data center campus in El Paso, Texas, with guidance from Latham, Eversheds Sutherland, Kirkland and Milbank, the companies announced Tuesday.

Read full article » | Save to favorites »

3 Firms Steer $1.5B Apollo Investment In Keppel Fund

By Al Barbarino

Apollo Global Management has agreed to invest $1.5 billion into an offshore energy fund managed by Singapore-based Keppel Ltd., with Latham & Watkins LLP advising Apollo-managed funds, Milbank LLP serving as investor counsel, and Clifford Chance LLP representing Keppel. 

Read full article » | Save to favorites »

3 Firms Steer Media-Focused SPAC's $200M IPO

By Jade Martinez-Pogue

Special purpose acquisition company Catalyst Acquisition Corp., which plans to target traditional and digital media businesses, hit the public markets Tuesday after raising $200 million in its initial public offering steered by three law firms.

Read full article » | Save to favorites »

Simpson Thacher Stock Work Hurt 2 Companies, Jury Told

By Madison Arnold

The chief financial officer for an insurance company told a Florida jury Tuesday that a stock drop for Patriot National Inc. — which is suing Simpson Thacher & Bartlett LLP for malpractice for allegedly putting together a shoddy securities offering — dramatically affected his own business as well.

Read full article » | Save to favorites »

Trader In BigLaw Deal-Tipping Scheme To Plead Guilty

By Chris Villani

A Florida resident is set to plead guilty to his alleged role in a sweeping scheme to trade on insider information about impending acquisitions that was stolen from major law firms, according to a court filing Tuesday.

Motion attached | Read full article » | Save to favorites »

How They Won It

How A Casino Analogy Helped Win A Short-Swing Profits Trial

By Katryna Perera

To win a first-of-its-kind securities trial over short-swing profits, attorneys at Freshfields LLP knew they needed to find the right analogy to showcase their argument, even if it meant comparing the case to a craps table at a casino.

Read full article » | Save to favorites »

What New USDA 'Beneficial Owner' Definition Means For Cos.

The U.S. Department of Agriculture's recent pitch to add a new "beneficial owner" definition to its foreign-owned land reporting framework would overhaul how fund managers and joint venture participants report U.S. agricultural land interests, creating diligence risks as companies reassess governance rights and management structure, say attorneys at Arnold & Porter.

Proposed Rule attached | Read full article » | Save to favorites »

How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

Read full article » | Save to favorites »

Simpson Thacher Hung Client Out To Dry, Jury Hears

By Madison Arnold

A legal ethics expert told a Florida jury Wednesday that he believes Simpson Thacher & Bartlett LLP's actions when representing Patriot National Inc. constitute legal malpractice leading up to the insurance services company declaring bankruptcy.

Read full article » | Save to favorites »

Senate Postpones Key Vote For AG Nominee Blanche

By Courtney Bublé

The committee vote on acting Attorney General Todd Blanche's bid to take the permanent role, slated for Thursday, was postponed after Sens. John Cornyn, R-Texas, and Thom Tillis, R-N.C., were not fully on board.

Read full article » | Save to favorites »

GOP Bill To Curb Judge Shopping May Have Limited Effect

By Courtney Bublé

A Senate Republican has introduced legislation that he says will fix the judge shopping issue, but court observers don't think it will make much of a difference.

Bill attached | Read full article » | Save to favorites »

King & Spalding Told To End 'Shenanigans' In Bid To Exit Case

By Brian Steele

The individual defendants in a $300 million fraud lawsuit have accused King & Spalding LLP of appellate "shenanigans" while it seeks to exit the case due to an alleged ethics conflict, claiming the firm has falsely denied representing corporate clients despite an attorney's appearance suggesting otherwise.

2 documents attached | Read full article » | Save to favorites »

9th Circ. Vacates Orrick Win In Stock Transfer Deal Dispute

By Hailey Konnath

The Ninth Circuit on Wednesday reversed a lower court's finding that Orrick Herrington & Sutcliffe LLP can't be held liable in a battle over a stock transfer agreement gone awry, ruling that California law does allow a party to the transfer to pursue equitable indemnity in the case.

Opinion attached | Read full article » | Save to favorites »

DOJ Wants To Let Immigration Judges Fine For Contempt

By Britain Eakin

The Executive Office for Immigration Review proposed a rule Wednesday that would allow immigration judges to impose civil monetary penalties for contempt on attorneys, their noncitizen clients and witnesses, operationalizing a power that has lain dormant since 1996.

Proposed Rule attached | Read full article » | Save to favorites »

Legal Aid Union Alleges Unlawful Incentives To Break Strike

By Andrea Keckley

The Neighborhood Defender Services of Harlem union announced on the third workday of its strike Tuesday that it has filed unfair labor practice charges with the National Labor Relations Board, accusing its management of offering unlawful incentives to cross the picket line.

Read full article » | Save to favorites »

Former Trump Lawyer Officially Takes The Helm At SDNY

By Hailey Konnath

James McDonald, a former Sullivan & Cromwell LLP partner who represented President Donald Trump in his appeal of his criminal conviction, was sworn in as U.S. attorney for the Southern District of New York on Wednesday after McDonald's predecessor Jay Clayton departed to serve as director of national intelligence.

Read full article » | Save to favorites »

2nd Circ. Backs Ex-Shkreli Atty's 401(k) Restitution Deal

By Lauren Berg

A New York trial judge erred in rejecting a retirement-fund garnishment deal that would have protected Martin Shkreli's convicted former lawyer from tax penalties, the Second Circuit ruled Wednesday.

Opinion attached | Read full article » | Save to favorites »

DOJ Wants New Judge In Fired Court-Appointed US Atty's Suit

By Jack Karp

A lawsuit from the Seattle U.S. attorney who was swiftly fired from his post by President Donald Trump shortly after being appointed to it by a federal court should be reassigned to a different judge, the administration has told a Washington federal court.

Motion attached | Read full article » | Save to favorites »

Segal McCambridge Settles Fired Secretary's Age Bias Suit

By Grace Elletson

Law firm Segal McCambridge Singer & Mahoney Ltd. has struck a deal to end a New York federal court suit from a former secretary who said her colleagues mistreated her because of her age, according to a Wednesday court filing.

Order attached | Read full article » | Save to favorites »

Comey Rips '86 47' Case, Says Warrants 'Misstated Facts'

By Lauren Berg

James Comey is taking another angle in his effort to dismiss an indictment stemming from a picture of seashells he posted on Instagram, telling a North Carolina federal judge that the government is pursuing the "vindictive" case because of President Donald Trump's "deep-seated animosity" toward the former FBI director.

3 documents attached | Read full article » | Save to favorites »