Senior bondholders took on Energy Future Holdings Corp. Monday in the latest round of their fight to recover $431 million in contested make-whole premiums, urging a Delaware bankruptcy judge to lift the automatic stay so they can undo a provision that freed the power giant from repayment penalties.
Environmental groups suing to halt oil and gas drilling in the Ozark-St. Francis National Forests blasted the government’s bid for summary judgment Friday, saying that it’s trying to relitigate old issues and that a recent environmental assessment isn’t enough.
A former Locke Lord LLP managing partner has joined Baker & McKenzie LLP as a partner in the firm's New York office, bringing a wealth of experience in complex insurance issues, including matters relating to privacy and cybersecurity, financial institutions and the energy sector, Baker announced Monday.
A Delaware Chancery judge ruled Monday that a unit of El Paso Corp. was too deferential to its parent's wishes and paid $171 million too much for part of a nearly $1.9 billion liquefied natural gas pipeline deal, finding the unit liable for the overpayment.
Energy Transfer Partners LP has argued for two weeks in its trial against Enterprise Products Partners LP that the competitor wants to assert rights it doesn't have under a 1980 Texas pipeline contract. On Monday, a former Enterprise employee and current ETP vice president said he knows it for a fact.
The U.S. Environmental Protection Agency asked an Alaska federal judge Friday to toss a lawsuit accusing it of withholding documents related to its decision to stop what could be one of the largest copper mines in the country.
A former biofuels executive on Monday agreed to plead guilty for his role in an Indiana-centered conspiracy to defraud investors and the government through a more than $100 million tax credit and securities fraud scam, one of the largest fraud schemes in the state’s history.
GE is in talks to sell its $74 billion U.S. commercial lending and leasing portfolio to Wells Fargo, while Canadian natural gas producer Encana is mulling an up to $1 billion sale of its Louisiana natural gas properties in the Haynesville Shale basin acreage.
The former chairman of the Wisconsin Public Service Commission has joined Michael Best & Friedrich LLP as a partner on the energy and environmental teams in Madison.
GPM Investments LLC on Monday filed a prospectus detailing its plan for a $100 million initial public offering for its gasoline distribution company GPM Petroleum LP, a move that would separate the gas station owner from its fuel supplier.
Two environmental groups on Friday sued the California State Lands Commission for allegedly renewing Tesoro Refining and Marketing Co.’s lease at an oil receiving facility near San Francisco bay without adequately considering the business’ impacts on the surrounding area.
DLA Piper announced Monday that it has bolstered its corporate practice by hiring two former K&L Gates partners specializing in energy-related matters as partners in its Houston office.
A Manhattan federal judge erred in barring Ecuadoreans from attempting to enforce a $9.5 billion pollution judgment from their home country against Chevron Corp. in New York, mistakenly punishing them for their attorney's misconduct, the Second Circuit heard Monday in a closely watched and many-threaded appeal.
The Tennessee Department of Revenue on Friday urged the Sixth Circuit to rule promptly on its appeal in defense of a state sales tax on diesel fuel purchased by railroads, arguing that remand to sort out a recent U.S. Supreme Court decision’s impact on the case is unnecessary.
Environmental groups say that the U.S. Department of Transportation's recently proposed rules addressing some issues with trains carrying large volumes of crude oil don't go far enough to protect people and the environment.
The judge presiding over the Revel Casino Hotel’s bankruptcy cleared the way Monday for lawyers to offer a liquidation plan, granting requests to terminate leases of former business partners and weakening the Revel power supplier’s claim for priority repayment rights.
The Havasupai Tribe on Friday asked an Arizona federal judge to block any progress on a uranium mining project near the Grand Canyon while the Ninth Circuit considers its appeal of a ruling that allows the mine to go ahead.
A California federal judge has tossed a proposed class action, saying that the constitutionality of a California Public Utilities Commission decision to include charges for a nuclear power plant's defective steam generators in utility bills should be decided by the state courts.
Ernst & Young LLP asked a New York federal judge Friday to dismiss claims brought by investors in an oil tanker company concerning losses allegedly caused by the concealment of federal income tax liabilities, saying there is no evidence it audited the company’s books for the relevant years.
Enviva Partners LP, a private equity-backed supplier of power generation wood pellets, set terms on an initial public offering on Monday that could raise $210 million to help fuel expansion, as more energy producers demand coal substitutes.
For a long time, the L-1 Intracompany Transferee visa category was fertile ground for multinational companies who needed to efficiently transfer executives, managers and specialized knowledge workers to their U.S. operations. The current L-1 landscape looks a bit like scorched earth, says Amanda Franklin of Moore & Van Allen PLLC.
The U.S. Environmental Protection Agency's regulations on the disposal of coal combustion residuals are the first of their kind under the Resource Conservation and Recovery Act's Subtitle D enforcement structure, which grants enforcement authority to states and citizens rather than to the EPA, say attorneys at Crowell & Moring LLP.
Mozambique recently enacted a new hydrocarbons law, which aims to provide legal stability for international investors seeking to develop the country’s recently proven reserves of 200 trillion cubic feet of natural gas. Mayer Brown LLP’s Paulo Rage outlines the new law and the country’s hydrocarbons tax law, which together determine the general rules for all oil and gas operations.
The pace of enforcement under the U.S. Foreign Corrupt Practices Act has slowed considerably in 2015, with just three resolved enforcement actions during the year’s first quarter — all brought by the U.S. Securities and Exchange Commission — which represents the lowest level of enforcement to begin a year since 2006, say Marc Bohn and Austen Walsh of Miller & Chevalier Chtd.
With all the tangible and intangible costs associated with litigation today, mediation is becoming more common as a means of resolving disputes. Yet attorneys trained and experienced in litigation do not always have the skills to guide their clients through a mediation process, says Raphael Lapin, an adjunct professor at the Whittier School of Law and principal of Lapin Negotiation Strategies.
The president’s veto of S.J. Res. 8 is the second veto issued this year, and only the fourth of his presidency. We may see a sharp increase in veto activity under this Republican-led Congress, as the president has issued veto threats for 17 other legislative proposals working their way through the House and Senate, say Richard Hertling and Kaitlyn McClure of Covington & Burling LLP.
Steven Donziger’s recent “op-ed” in this publication is his latest deception — repeating on the eve of appeal the lies he has told a thousand times before. Far from a never-before-detailed account, his article is nothing more than a recycling of discredited misrepresentations and outright falsehoods, says Stephen Green, vice president for policy, government and public affairs, Chevron Corp.
While liquefied natural gas project structure varies significantly, there are commonalities to projects that contemplate ownership of, or interest in, one or more LNG trains being disproportionate across a project. This variation in ownership or interest may arise at the time of project inception or be the result of project expansion, says Kathryn Marietta of King & Spalding LLP.
The case against Schlumberger Oilfield Holdings Ltd. is particularly noteworthy in that it is a non-U.S. company whose non-U.S. subsidiary was charged with criminal conspiracy to violate U.S. sanctions laws based on the conduct of employees — many of whom were non-U.S. citizens — of another business unit located in the United States, say attorneys with Steptoe & Johnson LLP.
At a time of increasing litigation costs and rising claims, legal departments are facing pressures to lower overall legal spending and evolve from a company cost center into a strategic business partner. As a result, smart legal departments are increasingly focusing on brand management, predictive decision-making and commercial acceleration, says Lance Ellisor of Mitratech Holdings Inc.