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.

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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. 

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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.

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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.

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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.

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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.

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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.

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AT&T Whistleblower Told To Cut Facts From Ethics Case Filing

By Sue Reisinger

Former AT&T in-house counsel and whistleblower Theodore Marcus has been asked to delete part of his response to professional misconduct charges pending against him in Washington, D.C., because the filing allegedly contains privileged information.

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1st Circ. Asked To Save Mayer Brown $21M Fee Bid In RI Suit

By Linda Chiem

The American Trucking Associations told the First Circuit that its attorneys at Mayer Brown LLP reasonably justified their request for $21 million in fees and costs after securing "substantial" wins in long-running litigation over Rhode Island's truck tolling program, disputing a district court's determination that the trucking trade group wasn't actually a "prevailing party."

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Winston Taylor Seeks Sanction Against Ex-Client Hunter Biden

By Rae Ann Varona

Winston Taylor urged a D.C. state court on Monday to sanction its former client Hunter Biden in its legal bills collection suit, saying the former president's son destroyed Signal communications that would have proved he understood that he owes the law firm more than $50,000.

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Court Is In Session Whenever A Judge Says It Is, 6th Circ. Told

By Susan Smiley

Court is wherever and whenever a judge says it is, counsel for a Detroit judge told a Sixth Circuit panel Tuesday, arguing that subjecting a student to a mock arrest and trial because she fell asleep during a field trip was within his jurisdiction.

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Senate Confirms Jay Clayton As National Intelligence Chief

By Madeline Lyskawa

The U.S. Senate voted Tuesday to confirm Jay Clayton as director of national intelligence, two weeks after Clayton, the former U.S. attorney for the Southern District of New York, refused to answer who he thought won the 2020 election during his confirmation hearing.

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Queens Defenders Head Gets 3.5 Years For Looting The Nonprofit

By Pete Brush

A Brooklyn federal judge on Tuesday sentenced the former director of the Queens Defenders to more than 3.5 years in prison after the longtime attorney admitted to a course of embezzlement that destroyed the group dedicated to legal services for the poor.

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