Here’s What to Watch in the AT&T-Time Warner Ruling

AT&T Inc. will learn Tuesday afternoon whether its long-delayed $85 billion deal to buy Time Warner Inc. can move forward when U.S. District Judge Richard Leon rules on the Justice Department’s lawsuit to block the takeover.

Leon is scheduled to announce his decision starting at 4 p.m. New York time in a D.C. courtroom that’ll be packed with lawyers, journalists and investors, many of whom paid "line-sitters" to camp out on the sidewalk overnight to ensure they get in. Leon will likely prohibit anyone from leaving the courtroom until he’s done reading, all but ensuring a mad dash of spectators seeking to report the result first. Adding to the commotion, a parade honoring the Washington Capitals’ Stanley Cup championship is scheduled to end about 3 p.m. just blocks from the courthouse.