The Newswire for Business Lawyers

Valero Energy

  • Number of Articles Found: 63

1. VeraSun, AgStar Settle 'Multitude' Of Sale Disputes

Wednesday, Mar 17, 2010

A federal judge has approved a deal between recently liquidated energy company VeraSun Energy Corp. and one of it former lenders, AgStar Financial Services PCA, resolving several disputes over VeraSun's sale of its assets last year.

2. Valero Settles Tax Dispute With Aruban Government

Friday, Jan 22, 2010

Valero Energy Corp. has agreed to pay about $112 million to settle a tax dispute with the Aruban government over the company's idled refinery on the island, a Valero spokesman said Friday.

3. API Seeks To Halt Tenn. Renewable Fuel Law

Monday, Dec 21, 2009

The American Petroleum Institute is attempting to block a new Tennessee law requiring refiners and producers to sell only unblended gasoline to wholesalers, saying the statute should be preempted by federal renewable fuel and marketing laws.

4. Valero Snaps Up Trio Of Ethanol Plants For $272M

Tuesday, Dec 15, 2009

Valero Energy Corp. has agreed to buy three ethanol plants in the Midwest for $272 million, the company announced Tuesday.

5. Exxon $17.5M MTBE Settlement Wins Court Approval

Tuesday, Nov 17, 2009

A judge has signed off on the $17.5 million settlement proposed by Exxon Mobil Corp. to resolve 50 cases consolidated in the ongoing multidistrict litigation concerning the gasoline additive methyl tertiary-butyl ether.

6. Experts Urge Funding For Clean Tech In Climate Bill

Wednesday, Oct 28, 2009

If breakthrough clean technology developments are unable to match carbon reduction goals mandated in the U.S. Senate's climate change bill, consumer costs will rise and manufacturers could lose ground to foreign competitors, industry experts warned Wednesday.

7. Exxon Resolves Slew Of MTBE Suits For $17.5M

Wednesday, Oct 28, 2009

Exxon Mobil Corp. has agreed to pay $17.5 million to settle 50 cases consolidated in the ongoing multidistrict litigation concerning its use of the gasoline additive methyl tertiary-butyl ether.

8. Senate Unveils Cap-And-Trade Emissions Bill

Monday, Oct 26, 2009

Sen. Barbara Boxer, D-Calif., on Monday released the text of the chairman's mark of cap-and-trade carbon emissions legislation now being considered in the Senate.

9. VeraSun Gets Final Approval For Liquidation Plan

Monday, Oct 26, 2009

A bankruptcy judge has approved VeraSun Energy Corp.'s liquidation plan, which would merge most of its subsidiaries into one entity and cancel all shares of the company’s common stock and unsecured notes as the company winds down.

10. Exxon Ordered To Pay $105M Over MTBE Contamination

Monday, Oct 19, 2009

A federal jury has ordered Exxon Mobil Corp. to pay $105 million in compensatory damages for contaminating New York City's groundwater with the gasoline additive methyl tertiary-butyl ether.

11. VeraSun Plan Doesn't Protect Grain Growers: Liberty

Monday, Oct 19, 2009

Liberty Mutual Insurance Co. has objected to bankrupt ethanol producer VeraSun Energy Corp.'s proposed liquidation plan, saying it gives senior lenders liens on grain that should belong to the farmers that grew it.

12. Darling, Valero Plan Biodiesel Joint Venture

Tuesday, Sep 15, 2009

Darling International Inc. and a subsidiary of Valero Energy Corp. are planning to form a joint venture to produce renewable diesel fuel from animal fats on a site adjacent to Valero's St. Charles refinery near Norco, La.

13. Liberty Mutual Wants VeraSun To Recover Bonds

Tuesday, Sep 01, 2009

Liberty Mutual Insurance Co. has asked a bankruptcy judge to reject ethanol producer VeraSun Energy Corp.'s disclosure statement and liquidation plan if it is not revised to recover surety bonds the insurer issued as part of VeraSun's operations.

14. NYC Wins First Phase In MTBE Trial Against Exxon

Wednesday, Aug 12, 2009

A federal jury found in favor of New York City on Wednesday in the first phase of a trial against Exxon Mobil Corp., which the city alleges poisoned groundwater wells in Queens with a gasoline additive.

15. Valero OT Class Action Plaintiffs Want $100M

Monday, Aug 10, 2009

Valero Energy Corp. has been slapped with a putative class and collective action claiming North America's biggest oil refiner violated state and federal laws by failing to pay millions of dollars in overtime wages to thousands of convenience store workers.

16. VeraSun Plan Seeks Canceling Of Stock, Consolidation

Monday, Aug 03, 2009

VeraSun Energy Corp., once one of the largest ethanol producers in the U.S., has filed a liquidation plan and disclosure statement that would merge most of its subsidiaries into one entity and cancel all shares of the company’s common stock and unsecured notes as the company winds down.

17. Del. Slaps Valero With $86K Fine Over Emissions

Wednesday, Jul 01, 2009

Delaware officials have fined a Valero Energy Corp. subsidiary more than $86,000 over emissions from an oil refinery that violated the state's air pollution code.

18. 7th Circ. Backs IRS Access To Valero Tax-Prep Docs

Thursday, Jun 18, 2009

A federal appeals court has upheld the Internal Revenue Service's right to access certain documents as part of its investigation into whether Valero Energy Corp. created an illegal tax shelter when it acquired Ultramar Diamond Shamrock Corp.

19. Exxon Reaches Rare Settlements In MTBE Litigation

Thursday, Jun 18, 2009

Exxon Mobil Corp. has agreed to settle a pair of lawsuits in the multidistrict litigation over the gasoline additive methyl tertiary-butyl ether, but the vast majority of the cases against it are still pending.

20. Valero Refinery Under Scrutiny For Toxic Flares

Tuesday, Jun 16, 2009

Delaware state officials are investigating several recent reported incidents in which a reopened Valero Energy Corp. refinery in Delaware City released hundreds of pounds of sulfur dioxide and other chemicals into the air.

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