A New Jersey appeals court on Friday upheld ethics violations leveled against the state's former ratepayer advocate, finding an inherent conflict of interest in the attorney simultaneously holding that job and serving as president of the Asian Indian Chamber of Commerce.
The U.K.'s competition watchdog called Friday for price caps for energy customers who use prepayment meters and for the creation of databases listing people who pay a "default" tariff so that rival utility companies can market their services to them.
After failing to come to terms with its first lien lenders on bid procedures for a proposed bankruptcy sale, oil and gas driller Goodrich Petroleum Corp. asked a Texas federal judge for an emergency hearing to approve the company's proposed bidding rules and schedule.
A New York federal judge on Friday denied Petroleo Brasileiro SA’s bid to pause shareholder litigation claiming the Brazilian oil giant concealed billions of dollars in bribes and kickbacks for years, as the Second Circuit reviews its class certification challenge.
The U.S. Bureau of Land Management urged a California federal judge Thursday to accept its version of a proposed order regarding its decision to continue geothermal leases on California land sacred to the Pit River tribe, saying the tribe wrongly argued that the government is asking the court for an advisory opinion on the leases.
A New York federal judge on Friday let stand a ruling that blocks unsecured creditors of Sabine Oil & Gas from bringing litigation against the company’s secured lenders over a disastrous tie-up with Forest Oil as the company continues to pursue a Chapter 11 restructuring.
Duke Energy Ohio on Thursday completed a $250 million diversity and inclusion bond offering, believed to be the first among companies in the energy sector.
Fresenius is nearing a deal to buy Pfizer's $1.5 billion medical devices unit, Sports Authority failed to receive an offer that would save any significant portion of the sporting goods retailer, and EQT intends to sell German utility services company SAG, worth as much as $1.1 billion.
An attorney disbarred for knowingly making false statements and engaging in dishonest or fraudulent conduct in a suit over mineral lease rights had his disbarment upheld by the Texas Supreme Court on Friday.
The U.S. Navy and General Motors Co. revealed Thursday they are collaborating to develop fuel-cell technology to power undersea unmanned systems, or drones, and have recently tested a prototype using the technology.
The D.C. Circuit on Friday rejected Noble Energy Inc.’s petition for en banc review of a panel decision upholding a U.S. Department of the Interior order to plug and abandon an oil well off the California coast.
The U.S. Environmental Protection Agency on Thursday urged the D.C. Circuit to reject a bid by two industry groups to link their challenges of the agency's mercury emissions rule to a new petition taking issue with the EPA's cost analysis of that rule, saying the two cases are distinct.
Offshore oil and gas service provider Cal Dive International Inc. filed a complaint in Delaware bankruptcy court Friday seeking payment of up to $10 million in contract proceeds from a former joint venture partner that bought Cal Dive subsidiaries through a Chapter 11 sale.
Arch Coal unsecured creditors asked a Missouri bankruptcy judge Thursday to appoint a mediator to spur negotiations with the debtor and its secured lenders to have talks between the parties on a proposed plan to restructure billions of dollars in debt hit a roadblock.
The Texas Supreme Court on Friday set a new standard for nuisance claims — a legal concept so unclear that it has been called “the law’s garbage can” — in a ruling that remanded for a new trial a $2 million case accusing an EnLink Midstream LLC subsidiary of running too-noisy compressors.
The D.C. Circuit on Friday granted a bid by opponents of the U.S. Environmental Protection Agency’s rule capping carbon emissions from new power plants to suspend the briefing schedule in their case while some opponents appeal the agency’s refusal to reconsider its rule.
Six months after opening, the Asian Infrastructure Investment Bank said Friday it has approved its first four loans for a total of $509 million, including one to rebuild Indonesian slums.
Energy Transfer Equity LP won clearance Friday to abandon its planned merger with The Williams Cos. Inc. after a Delaware vice chancellor ruled that tax counsel Latham & Watkins LLP could not in good faith issue a crucial opinion on what once was a $38 billion deal.
The U.S. Supreme Court's conclusion that the U.S. Department of Labor did an unexplained about-face in saying auto service advisers qualify for overtime does not demonstrate the U.S. Environmental Protection Agency wrongly revoked an Arch Coal unit's coal permits, the agency told the D.C. Circuit on Friday.
Unsecured noteholders holding about $210 million of Venoco Inc.’s debt launched a scathing attack late Thursday on the oil driller’s Chapter 11 plan, arguing it's the culmination of a "collusive scheme" by the company’s principal and secured creditors to enrich themselves and throw other creditors “under the bus.”
The rise of citizen science will pose major challenges to industry in environmental permitting, compliance, enforcement and risk management. As it starts to generate data that does not fit easily into the traditional environmental compliance model, companies must prepare to confront information about their facilities, the provenance and accuracy of which will likely be unclear, says Delmar R. Ehrich at Faegre Baker Daniels LLP.
The Texas Supreme Court's recent decision in Coyote Lake Ranch v. City of Lubbock can be seen as a predictable evolution in the court’s approach to groundwater and the need to access this resource in a fair and reasonable manner, says Anthony Cavender at Pillsbury Winthrop Shaw Pittman LLP.
It’s important to first decide what your personal brand is. Are you a crusader? A wry observer? A compassionate witness? Your social media presence doesn’t have to reflect the deepest aspects of your identity — it’s merely an image that you project, says Monica Zent, founder and CEO of Foxwordy Inc.
While two recent bankruptcy court decisions in Lake Michigan Beach Pottawattamie Resort and Intervention Energy Holdings rely on different rationales, the result is that lenders should recalibrate their expectations regarding whether borrowers can be prevented from filing bankruptcy through drafting or structural means, says Matthew Gold of Kleinberg Kaplan Wolff & Cohen PC.
One of the most prevalent complaints by associates and recent law school graduates is the lack of meaningful mentoring by more seasoned attorneys. Gary Gansle, leader of Squire Patton Boggs LLP's Northern California employment law practice, offers several tips as a light that can help junior attorneys start down the right path in their career development.
LeBron James has established his worth by tangible metrics. He cashed in on a free agent bonanza fueled by the NBA’s economic model that supports his regal compensation. But such is not the case when it comes to first-year associate salaries of $180,000 at certain law firms and $2,000 an hour billing rates for certain partners, says Mark A. Cohen, founder of Legal Mosaic LLC.
No one understands the concept and obligations of “fiduciary duty” better than legal professionals — and yet, many law firm partners and principals may be overlooking a significant source of liability in their practices, says Tom Zgainer, CEO and founder of America’s Best 401k.
The proposed changes to the U.S. Fish and Wildlife Service's Eagle Act permitting program are likely to be welcomed by applicants. However, the amendments would introduce some uncertainty for holders of long-term permits, say Keith Garner and Khyati DalaI at Sheppard Mullin Richter & Hampton LLP.
A U.S. Securities and Exchange Commission proposal announced last week would require mining companies to publicly disclose extensive information — some of it proprietary and some forward-looking — which will raise important issues of confidentiality and liability, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
Before selling assets to generate additional cash flow owners of oil and gas interests must consider the federal income tax consequences. Among other intricacies, Elizabeth McGinley and Robert Jacobson at Bracewell LLP explain relevant federal income tax authorities that distinguish a leasing transaction from a sale and three common transfers of working interests that will constitute retained overriding royalty structures.