• March 28, 2008

    Constellation Strikes Deal On Consumer Credits

    Constellation Energy and Maryland authorities have resolved their legal battle over consumer tax credits with a deal that will deliver $346 million in credits and $187 million in one-time rebates to the company's residential customers in Maryland.

  • March 28, 2008

    Environmentalists Claim Duke's N.C. Air Permit Illegal

    Opponents of Duke Energy Corp.'s $2.4 billion project to build a coal-fired power generator at its Cliffside, N.C., power complex are seeking to overturn an air quality permit that the state issued for the facility.

  • April 16, 2008

    U.S. Downturn Could Affect Asian Deal-Making

    Asia hasn't yet been hit hard by the U.S. economic downturn, but corporate attorneys there are worried that the number of deals they get done will eventually be affected. Infrastructure projects will likely be harmed, whereas natural-resource-related projects will be OK, sources say.

  • April 17, 2008

    Middle Eastern Capital Fuels Boom In Islamic Finance

    Law firms are bolstering their Islamic finance practices as they look to help clients into the estimated $1 trillion in investment capital up for grabs in the natural-resource-rich Middle East. But experts say the skills of some attorneys being drawn to the burgeoning field lag behind their enthusiasm.

  • March 27, 2008

    Constellation Expects Deal On Consumer Credits

    Constellation Energy said Thursday it is close to settling its $386 million legal battle with the Maryland state government, as they discuss a deal that would provide for $346 million in credits, including a $187 million one-time credit to customers.

  • March 27, 2008

    FERC Questions Company About $750M Holding

    The U.S. Federal Energy and Regulatory Commission has asked Horizon Asset Management Inc. to provide information about its acquisition of more than $750 million of Sierra Pacific Resources stock.

  • March 27, 2008

    DOE Lab Hit With FLSA Suit

    Sandia National Laboratories, which develops nuclear weapons parts for the U.S. Department of Energy, is facing a collective action for allegedly denying current and former employees overtime pay.

  • April 28, 2008

    Islamic Finance Upstarts Challenge London

    As factors including high liquidity and a demand for infrastructure in the Middle East spur a surge in Islamic finance, places like Dubai and Singapore are positioning themselves to draw business away from more established Islamic finance centers like London, attorneys say.

  • March 27, 2008

    Dutch Ruling Hands Yukos Creditor Moravel $848M

    A Dutch court's ruling has allowed Yukos International UK BV to pay GML Ltd. subsidiary and Yukos Oil Co. creditor Moravel Investments Ltd. almost $848 million, upholding a September 2005 decision by a London Court of International Arbitration tribunal.

  • March 26, 2008

    Atomic Experiment Raises Safety Questions: Suit

    Worried by the possible destructive consequences of an atomic experiment, two U.S. residents have sued the U.S. Department of Energy, government physics research center Fermilab and Europe's Center for Nuclear Energy Research, among others, for not conducting an environmental analysis before building a Large Hadron Collider in Switzerland.

  • March 26, 2008

    Superior Offshore's IPO Spurs Class Action

    Superior Offshore International Inc.'s legal woes increased Wednesday with the filing of another proposed class action that accuses the company and some of its officers and directors of conducting an initial public offering with a false and misleading registration statement and prospectus.

  • March 26, 2008

    Enron Creditors Reach $1.66B Deal With Citigroup

    Citigroup Inc., the last remaining investment-bank defendant in the massive Enron MegaClaims suit, has agreed to pay $1.66 billion to end the long-running case, which sought to hold Wall Street liable for allegedly playing a role in the downfall of Enron Corp.

  • March 26, 2008

    Green Group Calls On SEC To Fine Chevron

    An environmental group has urged the U.S. Securities and Exchange Commission to sanction oil giant Chevron Corp. for allegedly misleading shareholders about a potential $10 billion damages bill it faces.

  • March 25, 2008

    EPA Serves Greka With 4th Enforcement Order

    Greka Oil and Gas Inc. has been served with its fourth U.S. Environmental Protection Agency enforcement order this year and faces fines of up to $32,500 per day if it does not immediately clean up a polluted California site.

  • March 25, 2008

    GE Unit Hit With $1.2M Suit Over Fire Cleanup

    A division of GE Oil & Gas Inc. has been slapped with a lawsuit claiming a defective gas compressor ignited a fire at a natural gas production facility, resulting in $1.2 million in cleanup and removal costs.

  • March 25, 2008

    Group Asks Court To Reconsider Cap-And-Trade Plan

    An electricity industry group has asked a federal appellate court to reconsider its rejection of a plan to regulate mercury emissions at coal- and oil-fired power plants via a cap-and-trade system rather than a stricter provision of federal law.

  • March 26, 2008

    Speech-Impaired BP Worker's Bias Claim Advances

    In a blow to BP Amoco Chemical Co., a federal judge has ruled that the BP Plc subsidiary must face wrongful termination claims by a former employee who alleges he was harassed and ultimately fired because he has a speech impediment.

  • March 25, 2008

    Ethanol Producer Halts Operations On Road To Ch. 11

    After failing to raise $1.5 million in interim financing, ethanol producer Ethanex Energy Inc. announced its plans to file for bankruptcy in a filing Monday with the U.S. Securities and Exchange Commission.

  • March 24, 2008

    FERC Rule Aimed At Making Compliance Easier

    The Federal Energy Regulatory Commission has proposed an overhaul of its standards of conduct for transmission-provider employees in an effort to make enforcement easier and compliance “less elusive.”

  • March 24, 2008

    OSHA Levies $1M In Fines For Fatal Tunnel Fire

    The U.S. Department of Labor's Occupational Safety and Health Administration has proposed more than $1 million in fines against RPI Coating Inc. and Xcel Energy in the wake of last year's fatal tunnel fire in Colorado.