Investors in Baker Hughes Inc. launched two similar putative class actions Wednesday in Delaware and Texas trying to halt the company's proposed $34.6 billion merger with Halliburton Co., arguing the board approved the deal at too low a price to avoid a proxy battle and their possible ouster.
Efforts to build New Jersey's first offshore wind farm have shifted back to appellate court now that state regulators have again denied the project, but developer Fishermen's Energy LLC faces a difficult task in overcoming the deference afforded to administrative agencies and showing that the rejection was unreasonable.
Venezuelan subsidiaries of ConocoPhillips this week alleged in Texas state court that Venezuela’s state-run oil company Petroleos de Venezuela SA is secretly liquidating its U.S. assets in Citgo Petroleum Corp. in a bid to avoid paying expected international arbitration awards.
A Louisiana oil and gas exploration company asking the U.S. Supreme Court to hear its arguments against the government’s addition of new oil spill response requirements to its drilling lease got backup from industry and libertarian groups, who filed amicus briefs on the company’s behalf.
The U.S. Environmental Protection Agency’s stricter national ozone standards unveiled Wednesday will be a heavy regulatory lift for state and local governments to implement and may energize Congress to require the agency to consider the costs of its air quality regulations, experts say.
New Jersey's appellate court on Wednesday cleared United Water New Jersey Inc. to modify a dam facility prone to cause flooding, ruling state law preempts the Borough of Hillsdale’s bid to apply its land use requirements to the project because the state's environmental regulator has jurisdiction.
New Jersey Senate President Stephen M. Sweeney on Wednesday called for the construction of a new rail tunnel connecting north Jersey to New York City, saying the region's transportation network could be hampered by critically needed repairs to existing tunnels.
Private equity firm Ardian signed a deal on Wednesday to acquire a 65 percent stake in two toll roads in Spain, both of which are connected to Barcelona, from Brazilian bank BTG Pactual for €146 million ($183 million).
In this week's roundup of dealmakers on the move, Proskauer Rose LLP snagged a finance ace from Bingham McCutchen LLP in Los Angeles, while Kirkland & Ellis LLP recruited a mergers and acquisitions and private equity pro from McDermott Will & Emery LLP in Chicago.
The Committee on Foreign Investment in the U.S. handed over 3,487 pages of documents from its review of Ralls Corp.'s planned purchase of an Oregon wind farm, according to a Tuesday court filing, an unprecedented turn in an ongoing dispute over the agency's rejection of the deal.
The Colorado Oil & Gas Association has filed a lawsuit in Colorado state court seeking to invalidate the city and county of Broomfield’s hydraulic fracturing ban, arguing a moratorium on the controversial oil and gas extraction process passed by referendum in 2013 is superseded by state law.
The U.S. Environmental Protection Agency on Wednesday unveiled stricter new outdoor air quality standards for ozone that could carry billions of dollars in compliance costs, proposing to drop acceptable levels from 75 parts per billion to between 65 and 70 parts per billion.
The U.S. Supreme Court’s surprising decision Tuesday to review the U.S. Environmental Protection Agency’s landmark rule limiting mercury and other toxic emissions from coal- and oil-fired power plants signals increased skepticism over the agency’s regulatory reach, and a reversal could limit the rule-making reach of the EPA and other federal regulators, experts say.
Two D.C. Council committees voted Tuesday to push forward a complex public-private partnership plan for a proposed $300 million soccer stadium, but only after nixing a promised land swap deal with developer Akridge.
CorEnergy Infrastructure Trust Inc. on Tuesday completed its $125 million acquisition of a Missouri natural gas pipeline company from its private equity backer with cash from a fresh secondary offering as it looks to diversify its holdings with exposure to the long-haul natural gas pipeline segment.
New York's Metropolitan Transportation Authority and Lockheed Martin Corp. traded their last barbs Tuesday in federal court, with the MTA saying evidence established Lockheed breached its $300 million security technology contract “beyond doubt” and Lockheed telling the court to conclude it was wrongfully terminated by the MTA.
American Energy Partners LP's Permian Basin subsidiary said Monday that it agreed to acquire a $440 million drilling property in Texas and, in connection, issued $515 million of 8 percent exchangeable junior subordinated notes due in 2022 on the same day.
The U.S. Department of the Interior has failed for decades to analyze the environmental impact of its controversial practice of leasing public land to private parties for coal mining, two environmental nonprofits alleged in D.C. federal court Monday.
A Northern Dynasty Minerals Ltd.-controlled company won a preliminary injunction Monday forbidding the Environmental Protection Agency from taking any steps toward vetoing a mining project in the Bristol Bay area, with an Alaska federal judge saying the order was necessary to prevent irreparable harm.
The U.S. Supreme Court on Tuesday agreed to review the U.S. Environmental Protection Agency's rule limiting mercury and other toxic emissions from power plants, granting requests from 23 states and industry groups that have argued the rule would drive up electricity prices and harm the coal industry.
John Doar ran the U.S. Justice Department's Civil Rights Division at perhaps the most chaotic and pivotal time in its history. His passing earlier this month is an occasion for lawyers everywhere to marvel at just how impactful one attorney can be. He didn’t just preside at a historic time, he calmly and coolly shaped it, says Kevin Curnin of the Association of Pro Bono Counsel.
Despite the significant tilt toward technology in how litigation is now conducted, many senior lawyers still delegate tech-related issues to e-discovery specialists or associates at their firms. This is a missed opportunity not just for client development, but also for shaping the way the firm and lawyer are seen in the eyes of corporate counsel, says legal industry business development specialist Jenn Topper.
The Halliburton-Baker Hughes merger agreement is an illustrative example of various antitrust risk-shifting mechanisms. Meanwhile, Halliburton’s agreement to pay a substantial breakup fee could be an indication that it is confident the deal can secure antitrust clearance, says Dionne Lomax of Mintz Levin Cohn Ferris Glovsky and Popeo PC.
Norman Bay's dissent over Emera CNG LLC's proposed compressed natural gas facility in Florida may signal a split inside the Federal Energy Regulatory Commission — if Bay's interpretation of Section 3 of the Natural Gas Act becomes the majority view then FERC could exercise jurisdiction over a class of facilities previously deemed exempt, say James Bowe Jr. and William Rice of King & Spalding LLP.
Institutional investors are increasingly interested in Europe's Projects of Common Interest, however, due to constraints, regulatory adaptation will be required to allow private investors to invest directly into transmission system operators in many jurisdictions, says Tomas Gardfors of Norton Rose Fulbright.
Our estimates indicate that some law firms spend up to $8,000 per attorney each year on print-related costs. Although we live in a digital world, hard copy printing will remain an important part of business for years to come. Changing technology, however, offers opportunities to improve efficiencies and save money, say Senthil Rajakrishnan and Ryan Mittman of HBR Consulting LLC.
Despite fundamental differences among "projects of common interest" in Europe's energy market, they face similar challenges in the form of cross-border cooperation, regulatory alignment and asymmetric impacts on EU member states, says Tomas Gardfors of Norton Rose Fulbright.
Unless the recent ruling in the Dewey & LeBoeuf LLP bankruptcy case is overturned on appeal or the New York Legislature amends the state’s fraudulent transfer and partnership laws, partners of New York firms will bear greater risk if their firms fail than will members of many non-New York partnerships. This risk factor might even affect decisions by prospective lateral partners about which firms to join, say attorneys with Arnold & Porter LLP.
The European Commission's recent adoption of key energy infrastructure projects — Projects of Common Interest — will require substantial investment given their scale and present significant opportunities for investors, financiers, governments and contractors on a global scale, says Tomas Gardfors of Norton Rose Fulbright.
The U.S. Securities and Exchange Commission’s securities fraud action against the former mayor of Allen Park, Michigan, in connection with a proposed public-private film studio project suggests that the SEC intends, when feasible, to use the “control person” theory to go after actors it deems culpable for securities fraud in municipal offerings but cannot reach as primary violators, says Leonard Weiser-Varon of Mintz Levin Cohn Fer... (continued)