Two suitors remain in the battle to buy Swiss power meter manufacturer Landis & Gyr, Germany-based restaurant chain Vapiano could raise up to €184 million in an IPO this week, and Telefonica is mulling a flotation of its Argentine business.
Charter Land Co. LLC can’t get the class decertified in a suit against natural gas developer Southwestern Energy Co. and its subsidiaries alleging the companies violated certain lease provisions to scam money from royalty owners, an Arkansas federal judge ruled Friday before entering a final judgment affirming a jury’s verdict against the class.
The Federal Energy Regulatory Commission's landmark regional transmission planning rule hasn't resulted in the significant development of electricity transmission envisioned when the order was enacted nearly six years ago, but former FERC officials say it's still been useful in forcing the electricity industry to think more broadly about the future of the U.S. grid.
Although the Second Circuit last week used strong language when it rejected a First Circuit test for assessing the materiality of certain financial information omitted from company registration statements, experts say the alternative laid out by the court sets an equally high bar for IPO investor suits.
The D.C. Circuit on Friday rejected a request by a wind farm and renewable energy advocates to rehear its decision that upheld the Federal Energy Regulatory Commission’s ruling that forced Portland General Electric Co. to purchase the wind farm’s power using a method the farm didn’t like.
The U.S. Supreme Court on Monday refused to consider an electricity wholesaler's bid to strike down the U.S. Environmental Protection Agency’s emissions rule for boilers and incinerators, which set standards that the company argued are impossible to meet.
A Texas magistrate judge on Friday recommended pausing for arbitration Carlton Energy Group LLC’s suit relating to an African oil field dispute potentially worth $1 billion, rejecting Carlton’s contention that PetroChina Co. Ltd. and related companies can’t agree to arbitrate because they weren’t part of an original contract.
The spotlight shined hot on climate change Friday as the U.S. Conference of Mayors convened in Miami Beach, with leaders of the nation's cities saying they must take the lead on environmental efforts in the face of federal retreat.
A subsidiary of oilfield services giant Schlumberger Ltd. has filed a petition for a writ of certiorari asking the U.S. Supreme Court to review an appeals court decision that revived a suit over alleged violations of the Fair Credit Reporting Act, arguing that without real harm, the case didn’t have standing.
The Texas Supreme Court on Friday was closely divided in a suit involving competing royalty claims, with a majority holding deeds must be interpreted according to the parties’ intent, not under “rigid, arcane” rules of deed construction.
President Donald Trump’s promises to roll back federal environmental regulations are not expected to be a major driver of new oil and gas exploration and production but will more likely spark opposition among state and local regulators that could open companies up to long-term risk, Fitch Ratings has said.
On rehearing, a split en banc Eighth Circuit on Friday reversed a prior panel ruling and revived direct purchasers’ antitrust claims against distributors of pre-filled propane tanks, ruling that the purchasers properly alleged an ongoing antitrust violation that restarts the statute of limitations clock.
The Texas Supreme Court on Friday reversed a nearly $2 million jury verdict holding Exxon Mobil Corp. partly liable for a workplace fistfight that led to the death of an employee’s father, saying though the Texas judiciary does not have a formal framework for weighing an employer’s duty to control its workers, Exxon had no duty here.
The Texas Supreme Court ruled unanimously against Samson Exploration LLC on Friday and said the company must pay royalties for a gas well’s production to two pooled units of royalty owners, deciding a lower court was right to assert that contract law governed the overlapping obligation.
BNSF Railway Co. on Thursday asked a Washington federal judge to clarify a recent order disposing of one of the railroad’s defenses in a dispute over the right to ship crude oil across a Native American tribe’s land, saying the order could be read as more expansive than intended.
A D.C. federal judge Friday denied a bid by former Yukos Oil Co. shareholders looking to revive $50 billion arbitral awards to issue subpoenas to a Baker Botts partner without giving him a chance to fight them first, though a similar application in California relating to an Armenian attorney passed muster Thursday.
A request by a recently formed committee of equity security holders to delay the confirmation hearing in the Chapter 11 case of offshore oil services firm Tidewater Inc. gained court approval Friday in Delaware, allowing the committee nearly three weeks of extra time to do its work.
A former Alabama state legislator agreed on Thursday to plead guilty to taking bribes from an executive at coal business Drummond Company Inc. and a local lawyer to oppose an Environmental Protection Agency cleanup plan that could cost the company millions.
The Federal Trade Commission on Thursday announced proposed changes to several regulations covering areas as diverse as how televisions are advertised and unwanted email advertising is regulated, with the possible modifications forming part of acting Chair Maureen K. Ohlhausen’s regulatory reform initiative and the commission’s commitment to regularly review regulations.
A number of suitors are vying for $1 billion worth of New Zealand energy assets owned by Royal Dutch Shell, private equity-backed Eddie Bauer is mulling a sale, and Walmart is not likely to make a competing offer for Whole Foods despite rumors otherwise.
As mining companies continue on their rapid recovery path from the commodity price downturn, the perceived sins of the past return to haunt management teams soon to be swimming in cash, say John Tivey and Rebecca Campbell of White & Case LLP.
Last month, the American Bar Association published revised guidance regarding an attorney’s duty to protect sensitive client material in light of recent high-profile hacks. The first step in compliance is understanding how your data is being stored and accessed. There are three key questions you should ask your firm’s information technology staff and/or external solution vendors, says Nick Holda of PreVeil.
Over the four decades of its existence, the Federal Energy Regulatory Commission has at times struggled to respond to new strategies by electric power market participants. Andrew Kleit, professor of energy and environmental economics at Pennsylvania State University, suggests that FERC's branding of certain practices as "manipulation" has been misguided, and may present further problems as markets continue to evolve.
Forty years ago, the Federal Energy Regulatory Commission was created as the successor to the Federal Power Commission. Daniel Hagan and Jane Rueger of White & Case LLP review how FERC has dealt with historic changes in the natural gas and electric power markets over the last four decades, and consider the evolving energy landscape the commission will face in coming years.
One of the easiest ways to improve civil jury trials is to give juries substantive instructions on the law at the beginning of the trial rather than at its conclusion. It is also one of the most popular proposals we are recommending, say Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project.
Lateral candidates looking to make the last — or perhaps only — move of their career cannot afford to just stand by and let a law firm’s vetting process unfold on its own, says Howard Flack, a partner at Volta Talent Strategies who previously led lateral partner recruiting and integration at Hogan Lovells.
It has become more and more common to see oil and gas operators drill their leases from off-site locations. Last month's decision by the Texas Supreme Court in Lightning Oil Company v. Anadarko E&P Onshore should be seen as a welcome development for operators seeking access to the surface overlying a neighboring lessee’s leasehold estate, say attorneys with Bracewell LLP.
Last month, President Donald Trump signed an executive order requiring a comprehensive review of the federal government’s cybersecurity risk management policies and procedures. The order is notable for its emphasis on the electric power industry. The comprehensive review this order requires may well trigger a significant response at agencies regulating the electric power industry, say attorneys with Paul Hastings LLP.
One frequently hears from leading malpractice insurers that one of the highest risk categories for law firms is that of lateral partners not sufficiently vetted during the recruitment process, says Howard Flack, a partner at Volta Talent Strategies Inc. who previously led lateral partner recruiting and integration at Hogan Lovells.
In the “I pick, you pick, they pick” arbitration system, each party selects its own arbitrator, and those two arbitrators select a third. But the Texas Supreme Court's recent decision in Forest Oil v. El Rucio Land and Cattle demonstrates how this method can heighten rather than minimize the chance of an arbitral mistake, say Angela Zambrano and Robert Velevis of Sidley Austin LLP.