I have been involved in a deal where the lawyers of one of the parties spent three hours giving comments to the first nine pages of a 100-plus page indenture. Those lawyers obtained a lot of favorable provisions for their client — up until the time their client got kicked out of the deal, says Quan Vu of Gardere Wynne Sewell LLP.
A Texas judge is expected to award Energy Transfer Partners LP more than $500 million after the company won a jury finding that Enterprise Products Partners LP had breached a partnership agreement to build a crude oil pipeline, sources say.
A divided Illinois appeals court on Tuesday upheld a state regulator’s plan to help fund the $1.7 billion FutureGen 2.0 clean coal power plant through a rate hike on electricity customers, turning back a challenge from Commonwealth Edison Co. and industry groups.
The Port Authority of New York and New Jersey will consider a new facility to replace its out-of-date and overtaxed Manhattan bus terminal as it moves forward with shorter-term improvements to boost commuter conditions and ease delays, officials said Wednesday.
A high-ranking Federal Highway Administration official was charged Wednesday in New Jersey federal court on six counts of making false statements and fraud for allegedly funneling grant funds he oversaw to himself through a straw corporation and falsifying disclosure documents to conceal the fraud.
JPMorgan is closing in on a sale of half of its stake in the $4.5 billion portfolio of its buyout arm One Equity Partners, while cable magnate John Malone doesn't anticipate any competing Time Warner offers.
Environmentalists said Wednesday they would meet next week with New York officials tasked with making sure spending authorities act in the public interest as they keep up a full-court press over what they characterize as an illegal, $256 million raid on a clean-water fund to finance the new Tappan Zee bridge.
Seven research teams throughout New York have been awarded a total of $3.3 million to go toward projects that will improve and modernize the state's electric grid, Gov. Andrew Cuomo said Wednesday.
An Xcel Energy Inc. unit can intervene in a suit brought by a coalition of conservation groups to force the U.S. Environmental Protection Agency to mandate stricter controls at one of the utility’s power plants in Minnesota, the Eighth Circuit ruled Wednesday.
A New Jersey renewable energy company was hit Tuesday with a securities class action filed by a stockholder who said he lost money when the company’s stock plummeted due to a top executive’s termination and the collapse of a $217 million Australian wave-power project.
TransCanada Corp. said Wednesday the Alberta Energy Regulatory has approved its plans to build and operate the Northern Courier Pipeline Project, a CA$800 million ($745 million) system designed to step up energy production from western Canada.
U.S. Environmental Protection Agency Administrator Gina McCarthy on Wednesday faced pointed attacks from Senate Republicans over the agency's controversial proposal to cut carbon emissions from existing power plants by 30 percent, with lawmakers saying the agency has no legal power to issue the rule.
Pennsylvania’s Department of Environmental Protection must make major improvements to the way it handles shale gas development, including by efficiently tracking and responding to public complaints about water quality, according to a report released Tuesday by the state's auditor general.
A coalition of 35 Democratic members of California’s congressional delegation pressed the Obama administration Tuesday to exclude any offshore oil and gas lease sales along the California coast from a proposed five-year leasing program, citing the risk of serious accidents and environmental pollution.
An Ohio silicon manufacturer sued a Brazilian rival and its affiliates in D.C. federal court on Wednesday, accusing them of using fraud to get off the U.S. government's dumpers list and continue to sell low-priced silicon stateside.
The organizer of Miami's Sony Open tennis tournament filed a new motion on Monday in its suit over its right to undertake a $50 million expansion of the event's facility, seeking summary judgment on the grounds that the county unlawfully gave a committee authority over the property.
Chevron Corp. has agreed to limit sulfur and keep flat the level of greenhouse gases produced from its $1 billion Richmond, California, refinery modernization, hoping to win local support for the long-contested project just as plans go before the Richmond City Council.
Shareholders of Kodiak Oil & Gas Corp. filed suit in Colorado federal court Tuesday seeking to block the oil and gas exploration company’s $3.8 billion takeover by Whiting Petroleum Corp., saying the deal is unfair and that the purchase price is too low.
If a fight over a $256 million New York interagency loan for the $3.9 billion new Tappan Zee bridge lands in court, experts say the case may hinge on the novel question of whether clean-water funds must be used to affirmatively protect the environment or whether they can be used to mitigate damage done by massive projects.
Business and industry groups, including the U.S. Chamber of Commerce and the National Mining Association, urged the U.S. Environmental Protection Agency on Monday to go back to the drawing board on a new proposed climate rule they maintain will severely disrupt the nation's electricity grid.
For corporate lawyers, Russia’s renewable energy incentive program may provide opportunities given significant need among Russian companies to establish joint ventures and their inexperience with successfully and cost-effectively executing renewable energy projects, say Alex Blomfield and Alexandra Rotar of King & Spalding LLP.
A growing trend in the Southern District of New York akin to a sua sponte rocket docket can provide defendants with an opportunity to set the tone of discovery and shift the burden and risks of the schedule to their adversaries, say Isaac Greaney and Jackie Lu of Sidley Austin LLP.
Public and private entities, including the state of Wyoming, have raised an issue of first impression as to whether the U.S. Environmental Protection Agency has the authority to determine an Indian reservation's boundaries under the Clean Air Act — the result could lead to a departure from established regulatory principles and should be of interest to entities operating on or near reservations, say attorneys at K&L Gates LLP.
Finding prospective clients and retaining them has little to do with your legal training and expertise, and yet you have no practice without successful client acquisition and retention. There is no reason you cannot apply your basic legal training to successful sales efforts hinging upon your practice strength and experience, says independent law firm consultant Jennifer Topper.
The latest round of U.S. sanctions against Russia’s oil, natural gas and financial industries is a dramatic departure from how the United States has applied targeted sanctions in the past, and raises several questions, say Alexandra Lopez-Casero and D. Grayson Yeargin of Nixon Peabody LLP.
Nondiverse state court defendants facing purely state law claims that seek to secure federal jurisdiction should determine whether a good faith basis exists to pursue a third-party action against a federal actor in order to trigger the representative U.S. Attorney’s certification and remove such claims under the Westfall Act, say Michael Blumenfeld and Jonathan Singer of Miles & Stockbridge PC.
Analytics offer opportunities for refining both discovery strategy and overall litigation strategy by providing information to support better informed decisions. As an added bonus, they can result in significant cost savings, say Nathalie Hofman and Carolyn Southerland of Huron Consulting Group Inc.
The Texas Supreme Court's recent ruling in Marcia Fuller French v. Occidental Permian Ltd. upheld the settled expectations of parties to oil and gas leases and confirmed they apply even with respect to enhanced recovery operations — welcome news to lessors with such operations, say Stephanie Kinzel-Tapper and Carter Williams of Sutherland Asbill & Brennan LLP.
Companies have long been hesitant to challenge the Committee on Foreign Investment in the United States because of the broad discretion given to the executive branch on issues of national security, but the D.C. Circuit ruling in Ralls Corp.’s suit against the committee calls into question the breadth of CFIUS’ authority, say attorneys with Kaye Scholer LLP.
Despite the withholding of funds by many Western donors and initial suspicions that foreign investors might boycott Uganda in response to the Anti-Homosexuality Act, the broader economic implications of the act appear to be less significant, say attorneys at Covington & Burling LLP.