Two secured creditors of bankrupt petroleum driller Exco Resources Inc. hit a group of fellow secured creditors with an adversary proceeding on Friday, alleging units of Fairfax Financial Holdings Ltd. and Bluescape Group abused their insider status for years to saddle Exco with the onerous loans that led to its collapse.
Former New York State Senate Majority Leader Dean Skelos asked a New York federal judge on Friday to give him a sentence of less than two years in light of his life of public service, the needs of his two autistic grandchildren, and the consequences he’s already suffered as a result of his two convictions.
A class of Cobalt International Energy investors urged a Texas federal judge Friday to approve a $146.9 million settlement in a securities suit claiming the now-bankrupt company bribed Angolan officials and made misrepresentations that cost the investors billions.
An Oklahoma federal judge has disqualified an entire law firm from a pollution case against Kinder Morgan in which one plaintiff-side lawyer formerly working on it had a conflict from a seven-year-old matter.
Ameren Corp.’s Illinois unit must rehire a worker it fired for having a gun stored in his truck on company property, the Seventh Circuit ruled Friday, saying a trial court wrongly ruled that an arbitrator shouldn’t have taken the state’s concealed carry law into account when he issued an award reinstating the worker.
Eleven firms are scheduled to guide nine initial public offerings projected to raise more than $1.8 billion during the week of Oct. 15, steering a lineup led by information technology and gambling companies that are going public under renewed market volatility.
New Jersey has sued the U.S. Department of the Interior in D.C. federal court over a months-old Freedom of Information Act request for documents related to Interior Secretary Ryan Zinke’s allegedly special treatment of Florida that New Jersey says has been left to languish.
The federal government urged the Ninth Circuit on Friday to delay a suit accusing it of failing to protect future generations from the effects of climate change pending a U.S. Supreme Court appeal, doubling down on a stay request to the district court as the scheduled trial date approaches.
Wood Group Mustang Inc. and Freeport LNG Expansion LP have tentatively settled their contract dispute stemming from the construction of a pipeline feeding Freeport's liquefied natural gas terminal in Texas, according to a Friday filing in Harris County District Court.
The U.S. Occupational Safety and Health Administration has slapped a Pennsylvania utility contractor with more than a quarter-million dollars in fines after several workers suffered electric shocks, one fatally, at a job site in April, the agency said Friday.
The Tenth Circuit has rejected a bid by three individual class counsel to snag a share of $150 million in attorneys' fees paid as part of a $375 million settlement with Dow Chemical Co. and another company in a nuclear pollution lawsuit.
Joseph Percoco, the former top aide of New York Gov. Andrew Cuomo who was sentenced last month to six years in prison for bribery, has asked a Manhattan federal judge to let him stay out on bail while he appeals his conviction, arguing he will "likely" prevail.
A Pennsylvania federal jury on Friday convicted a former insurance salesman for his role as the deal-closer in a $54 million Ponzi scheme that had naive investors pouring cash into bogus land and green energy investments.
An Idaho federal judge has dismissed a whistleblower’s False Claims Act allegations accusing nuclear technology designer TerraPower of violating a U.S. Department of Energy research and development agreement by hiding an invention funded by the deal, after the federal government claimed the suit was unwarranted.
Business and defense attorney advocacy groups on Thursday asked the U.S. Supreme Court to grant Exxon Mobil Corp.’s request that it end the Massachusetts attorney general’s long-running investigation into the company’s climate change statements.
Van Ness Feldman LLP gained five Hunsucker Goodstein PC partners as the two firms combined, with two of the Hunsucker attorneys heading up a new San Francisco Bay Area office focused on environmental practice and litigation.
In this week’s Taxation With Representation, Precision Drilling Corp. nabs Trinidad Drilling Ltd. for $796 million, Antero Midstream GP snagged Antero Midstream Partners’ outstanding common shares for $7.2 billion, TransDigm Group Inc. scoops up Esterline Technologies Corp. for $4 billion, and Imperva Inc. goes private in a $2.1 billion deal with Thoma Bravo LLC.
Occidental Chemical Corp. will no longer pay double tax on piers in Corpus Christi Bay after the Texas Supreme Court ruled Friday that only San Patricio County has jurisdiction to tax the structures, resolving a 46-year “Texas Death Match” with Nueces County.
An Eastern District of Texas federal jury has handed a win to DynaEnergetics US Inc. after rival GeoDynamics Inc. accused it at trial of infringing a patent related to fracking technology, finding the claims of the patent were not infringed and were invalid as obvious.
A Turkish energy company has asked a D.C. federal court to let it mail Pakistan's foreign ministry a copy of its efforts to enforce a $846 million arbitral award issued against the country over a rental power project, saying Pakistan has wrongly caused a delay in the service process.
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.
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.
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.
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.
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 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.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Melanie Green, chief client development officer at Faegre Baker Daniels LLP.
Last year’s business-friendly amendment of Internal Revenue Code Section 168(k), which allows immediate expensing for certain business assets, left many questions. In August, the Department of Treasury proposed rules clarifying requirements for depreciable property, but not all solutions are permanent and many issues remain unresolved, say attorneys at Eversheds Sutherland LLP.
Earlier this year, President Donald Trump imposed tariffs on Chinese products as a response to China’s trade practices concerning technology transfer, intellectual property and innovation. The U.S.-Chinese trade war highlights the need to approach investments in China differently, taking a broad view of intellectual assets and looking beyond basic legal protection, says Holly White, a consultant at Rouse & Co.
Confirmation of Judge Brett Kavanaugh to the U.S. Supreme Court may accelerate its narrowing of the discretion given to administrative agencies to regulate via rulemaking. An indication of how a Justice Kavanaugh might deal with Chevron deference is found in his dissent in Northeast Hospital Corp. v. Sebelius, say Andrea Driggs and Christopher Thomas of Perkins Coie LLP.