A Texas federal judge ruled Monday that ACE American Insurance Co. has no duty to defend an oil driller hit with a $105.7 million judgment after creating a well that became unusable, saying an exclusion applied to the entire well, and the driller's work couldn't be separated out from the rest.
Former HSBC foreign currency exchange executive Mark Johnson on Monday denied being part of a conspiracy to defraud HSBC client Cairn Energy PLC by ramping up the price for British pounds sterling ahead of a $3.5 billion forex deal.
A divided, three-member Federal Energy Regulatory Commission on Friday approved the construction of the $5 billion Atlantic Coast pipeline and the $3.5 billion Mountain Valley pipeline.
Invenergy LLC has queued up an approximately $700 million investment treaty claim against Poland after the country allegedly orchestrated the unlawful termination of long-term wind farm contracts between the American energy company and several state-owned utilities, according to a Monday notice.
BP Midstream Partners LP, a master limited partnership formed by BP to operate the energy giant's U.S. pipelines, set terms Monday for an estimated $850 million initial public offering, one of five companies to launch IPOs that could raise more than $1.3 billion.
The Republic of Ghana urged a D.C. federal judge Friday to dismiss a case seeking to enforce a $13.35 million arbitral award issued against it after a disputed power purchase agreement, arguing the award was based on an invalid agreement in the first place.
The U.S. Environmental Protection Agency on Monday announced new measures intended to prevent lawsuit settlements that Administrator Scott Pruitt said often circumvent transparency standards.
Chinese state-owned oil companies have interest in buying into Saudi Aramco ahead of its planned $100 billion IPO, Brazil’s antitrust watchdog will greenlight AT&T’s acquisition of Time Warner, with conditions, and Chinese video streaming service iQiyi has picked banks to help with its IPO.
Lane Wilson joined The Williams Cos. as its general counsel in April, after a career spent both in private practice and behind the bench as a magistrate judge. Law360 spoke to Wilson about the trajectory that led him to an in-house role at an energy company, the changing regulatory landscape and his ideal relationship with outside counsel.
Energy services holding company South Jersey Industries Inc. has agreed to acquire the assets of Elizabethtown Gas and Elkton Gas from a Southern Co. subsidiary for $1.7 billion, with a fully committed $2.6 billion bridge financing facility in place, SJI said Monday.
The New York Department of Environmental Conservation on Friday told the Federal Energy Regulatory Commission that it should revisit its decision that quashed the state’s denial of a Clean Water Act permit for a Millennium Pipeline Co. LLC natural gas pipeline, arguing that the federal agency misinterpreted the department’s deadline.
A Delaware bankruptcy judge on Friday allowed solar panel maker Suniva Inc. to take on roughly $3 million in additional post-petition financing the debtor said was needed to keep up its unusual restructuring efforts that hinge on prosecuting an import relief case before the U.S. International Trade Commission.
Seven states and several other groups on Thursday urged the D.C. Circuit to reject a truck trailer manufacturers’ association's bid to delay implementation of a federal rule aimed at reducing greenhouse gas emissions from heavy-duty truck trailers, saying that the trailer makers won’t suffer irreparable harm.
Attorneys representing a shareholder of C&J Energy Services Inc. told a Delaware Chancery Court judge Friday that their efforts in a challenge to the $2.9 billion merger of C&J and Nabors Industries Ltd. justify a $5 million fee award because the suit led to a $250 million reduction in the cash paid by C&J in the deal.
Energy Future Holdings Corp. on Friday told the Delaware bankruptcy court that it came to an agreement resolving a dispute with its former major operating subsidiary for now that allows the ex-unit to file the tax return it wants to on Monday with the possibility that it might be tweaked later.
A New York bankruptcy judge on Friday found that a supply and license agreement between SunEdison Inc. and a Korean company it helped create to manufacture solar materials is governed by New York law and was properly terminated, allowing SunEdison to sell the patent rights to the production process.
Bankrupt marine fuel supplier and trader O.W. Bunker AS on Thursday urged the Second Circuit to affirm that several liens against ships that contracted to buy fuel from it belong to O.W., and not to the "subcontractors" that actually delivered the fuel on credit.
A Fifth Circuit panel on Friday refused to revive a former National Oilwell Varco worker’s suit claiming he was discriminated against because of his age and disability, saying the lower court didn’t clearly err in tossing the suit.
The Weinstein Co. is looking to be bought or shut down, specifics of the planned $100 billion IPO for state-owned oil giant Saudi Aramco could change, and Atlantia is willing to increase its offer for Abertis in order to beat out a rival bidder.
The federal government announced Friday it has reached a deal requiring various parties to execute a $51.5 million plan to clean up a Baltimore County, Maryland, Superfund site where a landfills had operated between the 1950s and 1970s.
Financial Crisis Anniversary
After nearly a decade of recession-accelerated change in the legal industry, “merit-based” compensation has largely come to mean measuring attorney success using some combination of origination and working attorney hours metrics. However, there are signs that the real impact of the recession is still around the corner, and that building a book isn’t enough, says Peter Zeughauser of Zeughauser Group.
Recent federal appeals court decisions have questioned the constitutionality of the use of administrative law judges by the Federal Energy Regulatory Commission and the U.S. Securities and Exchange Commission. The U.S. Supreme Court is likely to address the SEC's use of ALJs, but FERC-specific issues may not be resolved without further litigation, say David Perlman and Britt Steckman of Bracewell LLP.
While it lends more than $100 million each year to our nation’s college students — including law students — the U.S. Department of Education surprisingly limits loan counseling to one-time entrance counseling for first-time student borrowers. Is this rational? asks Christopher Chapman, president of AccessLex Institute, a nonprofit focused on access to legal education.
Last week the U.S. Supreme Court heard oral argument in National Association of Manufacturers v. U.S. Department of Defense. During argument, the balance of questions seemed to favor the industry and state petitioners arguing in favor of district court jurisdiction for suits challenging the Clean Water Rule, says Joel Beauvais of Latham & Watkins LLP.
The U.S. Department of Justice's recent lawsuit challenging Parker Hannifin’s consummated acquisition of Clarcor serves as an important reminder that the agencies can — and in some limited instances will — challenge consummated transactions that were reported to them under the Hart-Scott-Rodino Act, says Jack Sidorov of Lowenstein Sandler LLP.
The New York Supreme Court's decision in National v. TransCanada last month held that coverage under an "all-risks" policy extended to losses resulting from a precipitating cause that occurred prior to the policy period. This case underscores that the specific wording of an insurance policy can be outcome-determinative, say Jan Larson and Alexander Bandza of Jenner & Block LLP.
The shift to electronic filing has somewhat eased the task of reviewing briefs and their supporting files. An e-brief takes e-filing to the next level, says Christine Falcicchio, a principal at Strut Legal Inc.
When I graduated from law school, I landed at an old-line firm in the Golden Triangle of Texas. Two significant things happened to me around that time. One pertained to learning to listen, and the other pertained to refusing to participate in what I heard, says Marcy Rothman of Kane Russell Coleman Logan PC.
The stakes are high for anyone facing environmental liability in the wake of storms like Hurricanes Harvey, Irma and Maria. If you are among the parties potentially liable for the costs to clean up a release of oil or hazardous substances caused by a major storm event, you may be thinking about a possible “act of God” defense, but you may want to think again, says Sarah Quiter of Hunton & Williams LLP.
Asian-Americans are the fastest-growing minority in the legal profession, but recent studies confirm their underrepresentation among partners, prosecutors, judges and law school administrators. We must take action, say Goodwin Liu, associate justice of the California Supreme Court, and Ajay Mehrotra of the American Bar Foundation.