Willkie Farr & Gallagher LLP guided energy-focused private equity firm Riverstone Holdings LLC in its agreement to invest up to $250 million into a newly formed Dallas-based oil and gas company that will seek to buy and upgrade depressed oil assets in North America, the firm said Tuesday.
Jurors deliberating in the criminal trial of former Massey Energy coal magnate Don Blankenship are deadlocked and have been given the “dynamite charge” that commands holdout jurors to reconsider, according to Blankenship's attorney.
Boomerang Tube LLC and its lenders told a Delaware bankruptcy judge Monday that exiting Chapter 11 might cost roughly $40 million and at least two weeks were needed to continue hammering out an alternative after the court rejected the oil and gas pipe maker's reorganization plan last month.
Bankers Petroleum Ltd. announced on Monday it is considering curtailing its Albanian operations, claiming its continued lack of access to local bank accounts is restricting its ability to do business in the country, despite a recent arbitration order that the government release the accounts.
A federal bankruptcy judge sitting in Delaware made a ruling on the controversial sale of oil company Hovensa on Monday, but said details of a large portion of the sale hearing cannot be made public, under penalty of contempt, until the governor of the Virgin Islands announces them Tuesday.
The U.S. Bureau of Land Management urged a Wyoming federal judge Monday to quickly resolve a suit challenging its fracking rules for federal and tribal land, but if not, to keep the case moving while environmental groups separately pursue an appeal of his preliminary order blocking the rules.
A Texas appellate court held last week that state agencies can’t be forced by courts to hold public hearings when they deny petitions for rulemaking, dealing a blow to a group of 135 plaintiffs who had asked the Texas Public Utility Commission to pass rules related to smart meters.
A Texas federal judge on Monday rejected allegations of attorney misconduct and shot down an attempt to get a new trial by eight African-American men claiming race-based employment discrimination against National Oilwell Varco.
A Southern Co. unit said Monday it has acquired a 51 percent stake in a 157.5-megawatt Texas solar project that is being developed by a Canadian Solar Inc. subsidiary and is expected to power more than 30,000 homes.
The London Court of International Arbitration has ordered Iraq’s Kurdistan Regional Government to pay $1.98 billion to a consortium of energy companies in an ongoing contract dispute over the development of gas fields, according to a statement Sunday from one of the companies.
An administrative judge on Monday said the U.S. Securities and Exchange Commission’s Division of Enforcement needs to prove how much Seattle-based coal company L&L Energy Inc. profited by concealing that the company lacked a chief financial officer.
A Louisiana federal judge ordered Anadarko Petroleum Corp. to pay $159.5 million for Clean Water Act violations stemming from the massive 2010 Deepwater Horizon oil spill, saying the penalty was relatively small because the company was a minority owner of the well and didn't cause the spill.
A Delaware bankruptcy judge on Monday denied an Energy Future Holdings' bondholder group bid for an immediate appeal over the question of whether or not the power provider has to pay an approximately $500 million premium on certain payment-in-kind notes.
Morgan Stanley and Wells Fargo on Monday said they will reduce their involvement and cut funding to coal projects, especially mountaintop removal mining.
The European Bank for Reconstruction and Development announced Monday it will dedicate up to $500 million to Egypt's new solar energy program next year in an effort to help the country reach its renewable energy goals.
The U.S. Environmental Protection Agency on Monday finalized an increase in the volume of renewable fuel available in the United States, saying the move would support the growth of the biofuels industry.
North Carolina environmental officials slammed the U.S. Environmental Protection Agency on Monday for further delaying coal-ash cleanup efforts after three Duke Energy Corp. subsidiaries pled guilty in May to causing a 2014 spill in the state’s Dan River.
Sheppard Mullin Richter & Hampton LLP said it has shored up its corporate practice group in Los Angeles by tapping a former Snell & Wilmer LLP partner with experience advising on mergers and acquisitions in industries including technology, health care, oil and gas, real estate, biotechnology, entertainment and retail.
The U.S. Supreme Court on Monday declined to hear an appeal filed by three Mexican states who were fighting a Fifth Circuit ruling blocking them from suing BP, Transocean and Halliburton over damage to their coastlines from the Deepwater Horizon oil spill because only the country’s federal government can sue.
A Texas appeals court on Wednesday tossed an estimated $600 million judgment against Huff Energy Fund LP over Eagle Ford Shale mineral rights, ruling there was insufficient evidence to find Longview Energy Co. had a legitimate opportunity to obtain the disputed property.
Recent case law reflects a clear progression toward judicial acceptance of document analytics. In this article, principals at The Brattle Group Inc. and the leader of Reed Smith LLP's records and e-discovery group summarize court opinions on the superiority of using predictive coding over keyword searches and provide an illustration of how a closely related method, topic modeling, can be used in document-intensive investigations.
Due to public pressure, Latin American governments are for the first time aggressively investigating allegations of bribery and corruption at the local level and actively cooperating with foreign government agencies, including the U.S. Department of Justice and the U.S. Securities and Exchange Commission. Companies operating in the region should take heed, say attorneys with Ropes & Gray LLP.
The real legislative fireworks begin on Tuesday, when the Senate is likely to turn its attention to the budget reconciliation bill. Because of special rules established in the Budget Control Act, a budget reconciliation is not subject to a filibuster and therefore only needs 51 votes to pass the Senate, say Richard Hertling and Kaitlyn McClure of Covington & Burling LLP.
The Environmental Protection Law of the People’s Republic of China was promulgated over 25 years ago. But only recently have substantive amendments, combined with public awareness and government leadership, provided reason to hope that the law can serve its mission to protect China’s environment, say Michael Vella and Lillian He of Jones Day.
Several developments over the past few months caught the eye of Jim Maiwurm, chairman emeritus of Squire Patton Boggs. Try as he might, he could not resist the temptation to comment on a few — such as the expansion of the Dentons “polycentric” empire, a confused verein controversy, and provocative suggestions that the law firm partnership model is a dinosaur.
Developers and private builders subject to the Federal Power Act should carefully consider the implications of the D.C. Circuit's recent opinion on the scope of the “municipal preference” under Section 7(a) of the FPA, say Anthony Cavender and Amy Pierce at Pillsbury Winthrop Shaw Pittman LLP.
There is growing tension between steps taken by state and local officials to protect their constituents from perceived risks associated with the transportation of crude oil by rail and the pervasive and comprehensive federal authority over the railroad industry, says Raymond Atkins, leader of Sidley Austin LLP's transportation practice group and former general counsel of the Surface Transportation Board.
The amendments to the Federal Rules of Civil Procedure scheduled to take effect Dec. 1 are designed to usher in a new era in the U.S. litigation system, this time acknowledging that what was once known as “e-discovery” is now just discovery. The amendments are sweeping in scope, but none is more important than the revised Rule 37(e), say Gregory Leighton and Eric Choi of Neal Gerber & Eisenberg LLP.
Recognizing that defendants have no duty and little incentive to object to an inflated class counsel fee request, and that class counsel have every incentive to increase their fees, Judge Richard Posner and the Seventh Circuit have filled this void by directing “intense judicial scrutiny” of class counsel fee awards. In doing so, the court identified issues all counsel now should consider when crafting a class action settlement, sa... (continued)
While the need for the Public Utility Regulatory Policies Act has been increasingly questioned, it remains a vehicle for developers of renewable power projects to require utilities to buy their power at state-administered costs. Recent litigation between the Portland General Electric Company and PaTu Wind Farm may shed additional light on PURPA's adaptability to the evolving competitive marketplace, says Arthur Adelberg of Barclay Damon LLP.