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Energy

  • September 21, 2018

    Ex-Chevron Oil Trader Gets Probation For Tax Fraud

    A former oil trader for Chevron facing 20 years in prison for his role in an alleged kickback scheme until making a deal with prosecutors was sentenced by a federal judge in Houston on Friday to three years of probation.

  • September 21, 2018

    Ex-Platinum Partners Exec Dies Ahead Of $1B Fraud Trial

    Former Platinum Partners honcho Uri Landesman, charged for his role in a purported $1 billion securities fraud scheme, died, his lawyer said Friday, ahead of a January trial of hedge fund executives accused of duping bondholders of defunct offshore driller Black Elk.

  • September 21, 2018

    Fracking Co. Wins $1M In Contract Row With Gas Wells Owner

    A Pennsylvania federal jury on Thursday awarded fracking services company Stingray $1.65 million in damages for gas well owner EQT Production's breach of contract, although the jury found that both companies breached their arrangement and also awarded EQT $676,250 from Stingray.

  • September 21, 2018

    Calif. Gov. Signs Wildfire Bills, Limiting PG&E Liability

    California Gov. Jerry Brown signed a package of bills Friday that aims to help the state prevent and recover from catastrophic wildfires, including a controversial bill that critics call a bailout for Pacific Gas and Electric Co. but that its author says is needed to save the liability-burdened utility from bankruptcy.

  • September 21, 2018

    Romania To Expand Int'l Natural Gas Flow After EU Probe

    Romania’s state-run natural gas supplier has committed to taking steps to open its supply stream to Hungary and Bulgaria following a European Union probe of whether the country’s gas industry restricted exports, the European Commission said Friday.

  • September 21, 2018

    7th Circ. Panel Mulls Power To Rule On Acid Waste Permits

    Seventh Circuit judges said during oral argument Friday that they would have to “utterly negate” state appellate decisions to provide relief to two Colorado energy companies that want clearance from Illinois to dispose of acid waste in underground injection wells.

  • September 21, 2018

    Barrick Gold Escapes Investor Class Action Over Mine Spill

    A New York federal judge granted Barrick Gold Corp.’s motion to dismiss a class action claiming the company misstated problems that led to a chemical spill at its Veladero mine in Argentina, finding the company’s allegedly misleading public statements were either forward-looking or not inherently false.

  • September 21, 2018

    Co. Still Liable If Worker Lies That Taxes Paid: 8th Circ.

    A company misled by an errant employee into thinking he paid its taxes is still liable for interest and penalties when he didn’t, the Eighth Circuit said in an opinion Friday upholding a lower-court dismissal.

  • September 21, 2018

    Commerce Tees Up Hefty Duties On Chinese Quartz Imports

    The U.S. Department of Commerce hit imports of quartz from China with hefty triple-digit tariffs after the department found that the foreign producers have been unfairly propped up by the Chinese government, according to a Friday notice in the Federal Register.

  • September 21, 2018

    7th Circ. Got Nuke Subsidy Ruling Wrong, Power Cos. Say

    Independent power producers on Friday said the Seventh Circuit issued a legally flawed decision backing Illinois' program propping up struggling nuclear power plants, but added that they haven't yet decided if they will seek rehearing or will appeal the ruling to the U.S. Supreme Court.

  • September 21, 2018

    Landowner Seeks 10th Circ. Redo Of Okla. Drill Permit Suit

    An Oklahoma landowner has asked the Tenth Circuit to rehear his suit claiming the U.S. Bureau of Indian Affairs let an energy exploration company drill on his land without an environmental review, saying a circuit panel erred in finding that the statute of limitations barred him from filing suit.

  • September 21, 2018

    Ex-Yukos Shareholders Widen Doc Bid In $50B Award Row

    Former OAO Yukos Oil Co. shareholders on Friday opened up another front in their bid for information to be used in a closely watched appeal in the Netherlands to revive $50 billion in arbitral awards against Russia, seeking permission to subpoena a former White & Case LLP partner who now lives in Pennsylvania.

  • September 21, 2018

    Potential Investors Abandon Talks To Buy Navajo Coal Plant

    Two companies that had been in talks with the Navajo Nation and the Hopi Tribe about taking over the ownership and operation of the coal-fired Navajo Generating Station have abandoned that effort, leaving the tribes still in search of a buyer before the plant’s scheduled shutdown next year.

  • September 21, 2018

    Fluor Says Westinghouse Owes It $247M In Project Fees

    Engineering and construction giant Fluor Enterprises Inc. on Friday urged a New York bankruptcy court to order Westinghouse Electric to hand over roughly $247 million in allegedly unpaid fees stemming from a pair of nuclear reactor projects, months after the nuclear power company tried to dodge the claims.

  • September 21, 2018

    Petrobras Can't Arbitrate Investors Bribery Row In Brazil

    A Netherlands court has denied Brazilian state-owned Petrobras' bid to arbitrate investors' securities fraud claims stemming from the oil giant's massive corruption scandal, ruling instead that shareholders can proceed with a collective action in Rotterdam.

  • September 21, 2018

    Gas Drilling Rights Holders Denied Cert. In Royalty Row

    An Arkansas federal judge has denied class certification in a lawsuit alleging Southwestern Energy Co. underpaid royalties to natural gas drilling rights holders, finding that the complex patchwork of wells, leases and integration orders involved does not make for a clearly definable group of plaintiffs.

  • September 21, 2018

    Sempra Charts Green Energy Exit With $1.5B Con Ed Deal

    Sempra Energy agreed Thursday to sell a U.S. renewable energy unit to Consolidated Edison Inc. for $1.54 billion, part of an asset divestment plan unveiled in June amid activist investor pressure that will see Sempra exit the U.S. renewable project business.

  • September 21, 2018

    DC Circ. Nixes FERC Market Rate Ruling For TransCanada Unit

    The D.C. Circuit on Friday nixed the Federal Energy Regulatory Commission's refusal to let TransCanada Corp.'s U.S. natural gas storage unit charge market-based rates, saying the commission failed to justify that conclusion while letting other companies in the same market charge market-based rates.

  • September 21, 2018

    Taxation With Representation: Gibson, Hogan Lovells, Mayer

    In this week’s Taxation with Representation, Enbridge simplified its corporate structure with $7.1 billion in deals, Adobe bought Marketo for $4.75 billion, Univar snapped up Nexeo for $2 billion, and Western & Southern Financial Group acquired Gerber Life Insurance for $1.6 billion.

  • September 20, 2018

    Rakoff Sanctions Petrobras Deal Atty For 'Kitchen Sink Brief'

    U.S. District Judge Jed S. Rakoff issued an order in New York federal court on Wednesday for a $10,000 sanction to be imposed against the attorney of an objector to the $3 billion Petrobras settlement, saying the attorney intended to “extort a payment” by delaying the settlement.

Expert Analysis

  • Cloud Computing Clearly The Future For Small Firms

    Holly Urban

    While in-house technology investments on the scale and complexity needed to compete with large firms remain cost prohibitive for small and midsize law firms, cloud-based services offer significant cost savings and productivity gains with little to no capital investment, says Holly Urban of Effortless Legal LLC.

  • Key Trends In Midstream Oil And Gas Deals: Part 2

    Greg Krafka

    A deep dive into data on deal terms in midstream oil and gas acquisition agreements reveals significant insights on “what’s market” and what's not in such deals. As compared to a broad cross-section of agreements across industries, the midstream M&A acquisition agreements studied generally allocated more of the risks — especially unknown risks — to buyers, says Greg Krafka of Winstead PC.

  • Leveraging Today's Lateral Associate Market

    Darin Morgan

    With the Milbank/Cravath pay scale once again equalizing compensation at many Am Law 100 firms, there is even more pressure for firms to differentiate themselves to top lateral associate candidates. This presents strategic considerations for both law firms and lateral candidates throughout the recruitment process, says Darin Morgan of Major Lindsey & Africa.

  • Key Trends In Midstream Oil And Gas Deals: Part 1

    Greg Krafka

    The Private Target Mergers & Acquisitions Deal Points Studies prepared by the American Bar Association’s Business Law Section have been a key resource for M&A attorneys for over a decade. In this two-part article, Greg Krafka of Winstead PC examines data from the most recent study and other sources to systematically identify “what’s market” concerning deal terms in midstream oil and gas acquisition agreements.

  • Q&A

    Back To School: Stanford's Jeff Fisher Talks Supreme Court

    Jeffrey Fisher

    In this series featuring law school luminaries, Stanford Law School professor Jeffrey Fisher discusses his motivation for teaching, arguing before the U.S. Supreme Court and what the court might look like if Judge Brett Kavanaugh is confirmed.

  • Clearing Up Some Pipeline Permit Questions At 3rd Circ.

    Deidre Duncan

    Two recent decisions from the Third Circuit — Delaware Riverkeeper and Township of Bordentown — indicate that resolving questions related to state appeals of pipeline project permits will ultimately turn on the particulars of the state administrative process, say Deidre Duncan and Clare Ellis of Hunton Andrews Kurth LLP.

  • Calif.'s New Rules For Lawyers Move Closer To ABA Model

    Mark Loeterman

    The first comprehensive overhaul of California's Rules of Professional Conduct in nearly 30 years becomes operational on Nov. 1. Some of the new rules mirror the model language used by the American Bar Association, but many continue to reflect California’s unique approach to certain ethical questions, says Mark Loeterman of Signature Resolution LLC.

  • Congressional Forecast: September

    Layth Elhassani

    The House and Senate are entering their respective final runs before the November midterm elections. The most pressing items of business are funding the government and the pending Senate confirmation of Brett Kavanaugh to the U.S. Supreme Court. But several lower-profile issues remain as well — including a Republican push for further tax reform, says Layth Elhassani of Covington & Burling LLP.

  • Know The Limits To Atty Public Statements During A Trial

    Matthew Giardina

    The balancing act between protecting attorneys’ speech rights and ensuring unbiased adjudications was highlighted recently in two cases — when Michael Cohen applied for a restraining order against Stephanie Clifford's attorney, and when Johnson & Johnson questioned whether a Missouri talc verdict was tainted by public statements from the plaintiffs' counsel, says Matthew Giardina of Manning Gross & Massenburg LLP.

  • In Calif., Questions Remain On Law Firm Conflict Waivers

    Richard Rosensweig

    In Sheppard Mullin v. J-M Manufacturing Co., the California Supreme Court ruled last month that a law firm's failure to disclose a known conflict with another current client did not categorically disentitle the firm from recovering fees. But the court didn’t provide hoped-for guidance on how to write an enforceable advance conflict waiver, says Richard Rosensweig of Goulston & Storrs PC.