EPA Beats Energy Broker's Suit Over Phony Fuel Credits

Law360, New York (August 20, 2012, 7:05 PM EDT) -- A Texas federal judge on Monday tossed a third-party suit against the U.S. Environmental Protection Agency from energy broker OceanConnect LLC, a company facing breach of contract litigation from two energy firms over millions of falsified renewable fuel credits.

U.S. District Judge Lee H. Rosenthal also split up two previously consolidated cases brought by Vinmar Overseas Ltd. and Vitol Inc., companies that are trying to recoup losses from their purchases of allegedly invalid renewable identification numbers, or RINs — unique codes attached to renewable fuel tax...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.