Energy Law360 provides breaking legal news and analysis on the energy sector. Coverage includes litigation, policy developments, and corporate deals involving oil and gas companies, energy utilities, alternative energy providers, and energy-related mining companies.
Counsel for the Colorado residents who achieved a $375 million settlement with Dow Chemical Co. and a Boeing-owned former Rockwell subsidiary over nuclear waste pollution secured $150 million in attorneys’ fees Friday when a federal judge signed off on the bid.
Six companies raised nearly $1 billion from initial public offerings late Thursday in a blitz of deals capping a busy week, including technology “unicorn” Cloudera Inc., which raised $225 million after pricing above range and promptly saw its shares rally in debut trading Friday.
The U.S. Department of Energy’s Office of Inspector General found the agency’s flawed management of a nuclear waste cleanup project in upstate New York resulted in a $196 million cost increase and nearly three-year contract extension, according to a report issued Wednesday.
Freshfields Bruckhaus Deringer LLP has hired a team of three bankruptcy and restructuring pros from Arnold & Porter Kaye Scholer LLP as partners in its New York office, in an effort to bring the firm's U.S. bankruptcy practice up to speed with its counterparts in Europe and Asia.
President Donald Trump's offshore drilling executive order inked Friday is the latest directive calling for the review and rollback of energy and environmental regulations crafted by the Obama administration, but former government officials say Trump's efforts will be compromised by dozens of vacancies in politically appointed positions at the agencies responsible for carrying out his orders.