Delaware's Chancery Court ordered a court-monitored sale of William I. Koch's Oxbow Carbon LLC on Wednesday and directed Koch and his multibillion-dollar energy company to assure that investors receive a minimum payout and tens of millions in damages for Koch's thwarting of earlier exit efforts.
An administrative law judge on Monday recommended allowing Florida Power & Light Co. to begin building a new electrical power generation facility, saying concerns that the natural gas pipeline used to transport fuel to the facility is involved with fracking are outside the scope of a review of the company’s application for the construction.
An international tribunal has ruled by majority to reject the Indian government's $1.7 billion claim that offshore drilling partners BP PLC, Niko Resources Ltd. and Reliance Industries Ltd. siphoned gas from deposits they had no right to exploit, two of the companies said on Tuesday.
Mining giant Rio Tinto asked a New York federal judge on Tuesday to issue letters requesting international judicial assistance in compelling three internationally located PricewaterhouseCoopers firms to produce documents and other evidence that could aid its defense in a fraud suit from the U.S. Securities and Exchange Commission.
Environmental and health groups have urged the U.S. Supreme Court to make the U.S. Environmental Protection Agency and opponents of the Clean Power Plan explain why the high court’s stay of the rule should be kept up even though litigation over it has come to a standstill amid a regulatory rethink.
Puerto Rico’s governor, its federally appointed oversight board and a group of bondholders on Monday unveiled a tentative plan to restructure the crushing $9 billion debt load of the island’s ailing power utility, even as other creditors vowed to fight for a better deal.
Two former owners of the Russian oil firm TNK told a New York court on Monday that they had found "devastating" evidence that proves their former partner Leonid Lebedev had repeatedly lied about his ownership of an Irish entity that took in at least $600 million in TNK-related payments.
A Wyoming federal court overstepped its authority when it delayed the implementation of certain parts of an Obama-era rule restricting methane emissions from natural gas wells on public and tribal lands, a group of environmental advocates and states asserted, urging the Tenth Circuit to vacate the order.
Exelon Generation Co. LLC has struck a deal to sell its retiring Oyster Creek nuclear power plant in New Jersey to energy technology company Holtec International Inc., the companies announced on Tuesday.
The Chapter 11 plan sponsor and purchaser of the reorganized Ryckman Creek natural gas storage complex Monday objected to the company’s liquidating trustee's claim it is owed an $11 million minimum payment for its share of the company under the terms of the bankruptcy plan.
Global consulting firm McKinsey & Co. on Monday asked a New York federal court to dismiss a racketeering action brought against it by the founder of a rival company, saying he has escalated a dispute over bankruptcy disclosure rules into a "baseless and reckless" lawsuit.
Three solar plants Glennmont Partners is selling have reportedly seen bids from more than 10 potential buyers, SoftBank is talking to banks related to plans to list its domestic wireless unit, and some John Laing Infrastructure Fund investors aren’t satisfied with a buyout offer for the company.
The D.C. Circuit on Tuesday rejected challenges to the Federal Energy Regulatory Commission’s approval of a renewable energy exemption from a price floor rule in New England wholesale electricity auctions, saying FERC reasonably concluded that the exemption produced just and reasonable rates.
A D.C. Circuit panel declined Tuesday to halt the construction of electric transmission towers for a Dominion Energy Inc. project while conservationists appeal a lower court decision nixing their challenge to the U.S. Army Corps of Engineers' approval of the project crossing Virginia's James River.
Several states asked a North Dakota federal court to kill an Obama-era rule that defined the reach of the Clean Water Act, saying that, despite possible repeal of the rule, they would not have regulatory certainty until the U.S. Environmental Protection Agency and Army Corps of Engineers measure is struck down.
Gulfport Energy Corp. has been hit with a suit in Ohio federal court seeking more than $2.3 million in damages over allegations that it violated lease agreements by subtracting taxes and other costs from royalty payments on one lease and not paying royalties due on the other.
An Osprey Energy Acquisition Corp. shareholder has filed a class action suit in Philadelphia’s Court of Common Pleas seeking to stop the company’s $400 million purchase of Blackstone Group LP’s Texas shale stake, claiming top executives withheld information from shareholders to convince them to give up majority control of the new company.
Bradley Arant Boult Cummings LLP has added three new partners to its Houston office from Foley Gardere, boosting the Alabama-based firm’s stable of energy industry attorneys.
An investor in oil and gas drilling firm Southwestern Energy Co. filed a Delaware Chancery Court complaint Monday demanding he be allowed to inspect the company’s records to find out why Southwestern rejected his earlier request to sue over alleged board misstatements about the company's financial outlook.
The Mabee Ranch Royalty Partnership LP filed a lawsuit Monday in Texas state court against Permian Basin operator Concho Resources, alleging it's owed $2 million or more for multiple and repeated breaches of a lease for its acreage in West Texas that includes drilling across lease lines and not paying royalties on flared gas.
There is a large pool of creditor claims against Venezuela and its state-owned oil company PDVSA that are not yet in litigation. Until recently, creditors had little incentive to litigate, but that may be changing for two reasons, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.
Despite the partiality some courts have shown to live video testimony, it provides no advantages — and several disadvantages — over the tried-and-true method of videotaped depositions, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
As renewable energy and energy storage drive electricity prices down, generation revenues should further decline, which should lower the valuation of coal, nuclear and natural gas power plants. Yet assessments of fossil fuel generation assets have generally remained steady, suggesting they are being significantly overvalued, says Mark Lansing of Dickinson Wright PLLC.
As solar power developments spread across the country, more of them are triggering mandatory reliability standards and related reliability audits. These audits are intense, lengthy and often a foreign concept to solar and other renewable developers who own or operate generating facilities, says Ashley Cooper of Parker Poe Adams & Bernstein LLP.
"Uncivil Warriors: The Lawyers' Civil War," by Peter Hoffer, is a new book about the involvement of lawyers on both sides in the American Civil War. The discussion is enlightening and often fascinating, but falls short in several key areas, says Federal Circuit Judge Evan Wallach.
Connecting with potential prospects is now more challenging due to the EU General Data Protection Regulation, meaning that law firm microsites, blogs and social media will become more valuable than ever. The firms that deploy them strategically will increase their relative visibility and accelerate the rebuilding of their opt-in distribution lists, says Stephan Roussan of ICVM Group.
The judge in the national opioid multidistrict litigation recently ordered lawyers to disclose whether their cases are financed by third parties. This has drawn attention to courts’ responsibility to address problems surrounding third-party litigation funding, but a uniform funding disclosure requirement would be more effective, says Alex Dahl of Strategic Policy Counsel PLLC.
Hurricane season in the Gulf of Mexico runs from June 1 to Nov. 30. The start of the season is a good time for vessel owners, shipyards, marinas, other marine businesses and their insurers to consider the risks, and make sure they have plans already in place when a storm approaches, says Matthew Guy of Adams and Reese LLP.
The growth of litigation funding has only increased the controversy surrounding it. Looking to move beyond the rhetoric for and against the practice, attorney and investment analytics expert J.B. Heaton, of J.B. Heaton PC and Conjecture LLC, attempts an objective analysis of the underlying economics of the litigation funding arrangement.
Courts are acknowledging a shifting consumer preference toward electronic mediums. Proposed changes to Rule 23, scheduled to take effect at the end of this year, will officially provide for the use of electronic notice in class actions — a change that could save parties a significant amount of money, say Brandon Schwartz and Maggie Ivey of Garden City Group LLC.