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November 13, 2023
Corps' Fish Farm Permit Dead In Water, Groups Tell Judge
The U.S. Army Corps of Engineers issued a nationwide permit opening federal ocean waters up to industrial finfish aquaculture operations without congressional authorization or adequate environmental reviews, a coalition of nonprofits and the Quinault Indian Nation said in a bid to have the permit struck down.
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November 13, 2023
Wiley Rein Adds Policy Adviser From Energizer
The former global head of environmental health and safety for the national battery and manufacturing company Energizer Brands LLC has left his in-house role after more than two decades to join Wiley Rein LLP, the firm recently announced.
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November 13, 2023
3 Firms Steer Mach Natural's $815M Anadarko Basin Play
Oklahoma City-based Mach Natural Resources LP said Monday it has agreed to pay $815 million in cash for certain interests in oil and gas properties located in the Anadarko Basin from EnCap Investments-backed Paloma Partners IV LLC and its affiliates.
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November 13, 2023
AustralianSuper Denies Brookfield Offer On $12.4B Origin Buy
AustralianSuper, the largest shareholder in Origin Energy, said Monday it has rejected an offer from Brookfield Renewable Partners and EIG for AustralianSuper to participate in the consortium's ongoing attempts to buy the Australian energy company.
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November 13, 2023
Biden Admin Wins Reversal On Solar Safeguard Expansion
The Federal Circuit on Monday rolled back a trade court decision that blocked the White House from expanding safeguard tariffs on solar equipment, invoking its deference to the executive branch's interpretation of statutes.
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November 13, 2023
Maritime Shipper Capital Product To Pay $3.1B For LNG Fleet
Fried Frank-led maritime shipping company Capital Product Partners LP said Monday it has agreed to acquire 11 liquefied natural gas carriers from Capital Maritime & Trading Corp., which is being advised by Sullivan & Cromwell LLP, for $3.13 billion.
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November 13, 2023
Orrick-Led TotalEnergies Buys 3 Texas Gas Plants For $635M
French energy giant TotalEnergies SE said Monday it has agreed to buy three power plants with the capacity to generate electricity for more than a million homes a year for $635 million from TexGen Power LLC, a U.S. utilities company.
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November 10, 2023
UK Litigation Roundup: Here's What You Missed In London
The past week in London has seen Barclays and Santander face the music in a group claim from investors involved in a failed film-financing scheme, AmTrust bring legal action against the insurer of failed law firm Pure Legal, and investment bank Greenhill begin legal action against shuttered law firm Ince Gordon Dadds. Here, Law360 looks at these and other new claims in the U.K.
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November 09, 2023
Green Groups Lose Bid To Stop ConocoPhillips' Willow Project
Conservation groups can't block ConocoPhillips from moving forward with its planned Willow drilling project in Arctic Alaska, an Anchorage federal judge ruled Thursday, rejecting the groups' arguments that federal approval of the project failed to fully consider the enormous environmental consequences.
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November 09, 2023
Paul Clement's Big Idea: Overrule Chevron, Ease Polarization
America's entrenched political polarization has been blamed on gerrymandering, cable news, social media, demographics and other intractable issues. But one of the U.S. Supreme Court bar's most accomplished advocates sees a solution hiding in plain sight: a ruling in his favor in perhaps the biggest showdown of the high court's term.
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November 09, 2023
Feds, Backers Fight Alaska's High Court Effort To Revive Mine
The federal government, backed by a coalition of tribes and Trout Unlimited, is urging the U.S. Supreme Court to deny Alaska's request to lodge an original action challenging a Clean Water Act veto by the U.S. Environmental Protection Agency that effectively killed the controversial Pebble Mine project.
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November 09, 2023
White House Finalizes Agency Cost-Benefit Analysis Guidance
The White House has released final guidance on regulatory cost-benefit analysis, saying Thursday the guidance is aimed at helping federal agencies estimate the impact of their regulations more accurately and thus craft better regulations that result in lower consumer costs; cleaner food, air and water; less fraud and exploitation, and increased workplace safety.
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November 09, 2023
Moldovan-Owned Oil Co. Files Ch. 15 To Save Kazakh Suit
An oil firm owned by Moldovan investors has asked a New York bankruptcy judge to recognize its British Virgin Islands debt restructuring, saying it needs to revise the terms on $642 million in debt to continue, as well as attempt to collect a $555 million arbitration award from the government of Kazakhstan.
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November 09, 2023
Chinese Luxury EV Brand Zeekr Revs Up US IPO
Zeekr, a premium electric car brand that was spun out of Chinese automaker Geely, filed its plans Thursday for an initial public offering that could test a fragile U.S. financial market, with lawyers from Davis Polk representing the company and Simpson Thacher attorneys serving as counsel for the underwriters.
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November 09, 2023
DC Circ. Wary Of Mining Cos.' Appeal In Retiree Health Fight
The D.C. Circuit appeared chilly Thursday toward a push to allow former subsidiaries of a now-defunct coal company to fight an arbitration award that found retiree health benefits can't be cut without union negotiations, questioning whether the subsidiaries deserved a foothold in federal court.
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November 09, 2023
FedArb Grows In LatAm With Mexican International Arbitrator
Alternative dispute resolution provider FedArb said Thursday that it has added a seasoned Mexican arbitrator and mediator to its panel of experts as the international arbitration industry grows in Latin America.
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November 09, 2023
ERISA Case Against Shell Should Go To Trial, Judge Says
A Texas federal magistrate judge said Thursday that neither Shell Oil Co. nor retirement plan participants should be granted a pretrial win in a suit claiming the company mismanaged its $10 billion 401(k) plan, recommending a bench trial to hash out factual disputes.
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November 09, 2023
Biden GHG Cost Estimates Face Uncertain Fate In Court
Fresh off a big victory at the Supreme Court, the Biden administration is pressing ahead with an effort to broaden the use of cost estimates for greenhouse gas emissions across the federal government, but experts said plenty of legal challenges await the little-tested metrics as they're implemented.
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November 09, 2023
Groups Call On DC Circ. To Ax EPA Chemical Reporting Rule
The Environmental Defense Fund and chemical and petrochemical trade groups separately called on the D.C. Circuit to throw out the U.S. Environmental Protection Agency's recent rule aimed at increasing transparency and modernizing reporting and review procedures under the Toxic Substances Control Act.
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November 09, 2023
Fla. High Court OKs Energy Co. To Bill Customers For Repairs
The Florida Supreme Court ruled that Duke Energy Florida LLC can bill customers $7.2 million to repair a damaged power plant, saying Thursday that the Florida Office of the Public Counsel didn't preserve legal issues challenging a state utility commission's decision allowing the power company to recover costs.
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November 09, 2023
Exxon Climate Suit Could Fix A Circuit Split, Justices Told
ExxonMobil Corp., Koch Industries Inc. and the American Petroleum Institute told the U.S. Supreme Court it must decide whether Minnesota's climate change fraud suit belongs in federal court, saying the state is asking the justices to ignore a clear circuit split on the issue.
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November 09, 2023
South African Miner Sibanye To Buy Reldan At $211M Value
Davis Polk & Wardwell LLP is guiding South African precious metals mining company Sibanye-Stillwater on a new agreement to acquire the Reldan Group of Cos. at an enterprise value of $211.5 million, with a cash purchase consideration of $155.4 million, according to a statement Thursday.
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November 09, 2023
Senate Votes To Block Relaxed EV 'Buy America' Rules
The U.S. Senate narrowly voted to stop a Biden administration rule that would temporarily waive a requirement for manufacturers to domestically source materials used in electric vehicle chargers, but the president has said he will veto the Senate's action.
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November 09, 2023
Aircraft Part Maker TransDigm To Buy CPI Unit For $1.4B
Cleveland-based aircraft component maker TransDigm Group Inc. said Thursday it has agreed to acquire the electron device business of private equity-backed Communications & Power Industries for approximately $1.39 billion in cash.
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November 08, 2023
Morgan & Morgan Filed Most Federal Tort Suits Since 2020
National plaintiffs injury firm Morgan & Morgan PA has filed the highest number of tort suits filed in federal court over the past three years, according to a new report by Lex Machina.
Expert Analysis
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Series
ESG Around The World: Australia
Clive Cachia and Cathy Ma at K&L Gates detail ESG-reporting policies in Australia and explain how the country is starting to introduce mandatory requirements as ESG performance is increasingly seen as a key investment and corporate differentiator in the fight for global capital.
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What New EPA Enforcement Initiatives Mean For Industry
With the U.S. Environmental Protection Agency's recent announcement that climate change, per- and polyfluoroalkyl substances, and coal ash will be major investigation and enforcement targets in the coming years, the oil and gas, chemical, and waste management sectors should anticipate increased scrutiny, say Jonathan Brightbill and Madalyn Feiger at Winston & Strawn.
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Bat's Newly Endangered Status Likely To Slow Development
A recent change in the classification of the northern long-eared bat from "threatened" to "endangered" could have significant effects on development in large portions of the Eastern and Southeastern U.S. — and in the absence of straightforward guidelines, developers will have to assess each project individually, says Peter McGrath at Moore & Van Allen.
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Corporate Compliance Lessons From FirstEnergy Scandal
Fallout from a massive bribery scheme involving Ohio electric utility FirstEnergy and state officeholders — including the recent sentencing of two defendants — has critical corporate governance takeaways for companies and individuals seeking to influence government policymaking, say attorneys at Wilson Sonsini.
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Info Exchanges Must Stay Inside Now-Invisible Antitrust Lines
While the antitrust agencies recently withdrew long-standing enforcement policy statements for being "overly permissive" on information exchanges, we should not assume that all information exchanges are inherently suspect — they are still permissible if carefully constructed and vigorously managed, say attorneys at Nelson Mullins.
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In Ga., Promptness Is Key To Setting Aside Default Judgments
The Georgia Court of Appeals' recent vacating of a lower court's decision to set aside a default judgment against Samsung Electronics America is a reminder of the processes and arguments provided by Georgia's statutes for challenging default judgments — including the importance of responding quickly, says Katy Robertson at Swift Currie.
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Twitter Legal Fees Suit Offers Crash Course In Billing Ethics
X Corp.'s suit alleging that Wachtell grossly inflated its fees in the final days of Elon Musk’s Twitter acquisition provides a case study in how firms should protect their reputations by hewing to ethical billing practices and the high standards for professional conduct that govern attorney-client relationships, says Lourdes Fuentes at Karta Legal.
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Self-Disclosure Lessons From Exemplary Corp. Resolutions
With scant examples of corporate resolutions in the wake of U.S. Department of Justice self-disclosure policy changes last fall, companies may glean helpful insights from three recent declination letters, as well as other governmental self-reporting regimes, say Lindsey Collins and Kate Rumsey at Sheppard Mullin.
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Offshore Wind Auction Results Portend Difficulties In Gulf
Results of the Bureau of Ocean Energy Management's recent auction of the Gulf of Mexico lease areas tell different stories about the future of offshore wind in the U.S., with the Gulf’s low interest suggesting uncertainty and the Mid-Atlantic’s strong interest suggesting a promising market, say attorneys at K&L Gates.
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ABA's Money-Laundering Resolution Is A Balancing Act
While the American Bar Association’s recently passed resolution recognizes a lawyer's duty to discontinue representation that could facilitate money laundering and other fraudulent activity, it preserves, at least for now, the delicate balance of judicial, state-based regulation of the legal profession and the sanctity of the attorney-client relationship, say attorneys at Ballard Spahr.
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Bid Protest Spotlight: Unfair Advantage, Buy American Waiver
In this month's bid protest roundup, James Tucker at MoFo offers takeaways on one decision that considers unfair proposal development advantages in the context of an employee's access to nonpublic information in a prior federal government position, and another decision that reconsiders a contract award based on an inadequately supported waiver of Buy American Act restrictions.
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2 High Court Cases Could Upend Administrative Law Bedrock
Next term, the U.S. Supreme Court will be deciding two cases likely to change the nature and shape of agency-facing litigation in perpetuity, and while one will clarify or overturn Chevron, far more is at stake in the other, say Dan Wolff and Henry Leung at Crowell & Moring.
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Prevailing Wage Rules Complicate Inflation Act Tax Incentives
Nicole Elliott and Timothy Taylor at Holland & Knight discuss the intersection between tax and labor newly created by the Inflation Reduction Act, and focus on aspects of recent U.S. Department of Labor and U.S. Department of the Treasury rules that may catch tax-incentive seekers off guard.
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Issues To Watch As Biochar Carbon Project Demand Heats Up
Entities considering financing, constructing or operating biochar projects should evaluate the increasing demand for biochar as a soil amendment, the potential to generate revenue from carbon credits and produce other byproducts, and a variety of legal hurdles in this rapidly emerging market, say Mackenzie Schoonmaker and Astrika Adams at Beveridge & Diamond.
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Law Firm Professional Development Steps To Thrive In AI Era
As generative artificial intelligence tools rapidly evolve, professional development leaders are instrumental in preparing law firms for the paradigm shifts ahead, and should consider three strategies to help empower legal talent with the skills required to succeed in an increasingly complex technological landscape, say Steve Gluckman and Anusia Gillespie at SkillBurst Interactive.