A number of companies are battling to buy GE's $3 billion industrial solutions business, the list of suitors vying for L'Oreal's Body Shop business has been whittled down and the three largest investors in Singaporean wireless operator M1 are considering a sale of their combined 61 percent stake.
The U.S. Army Corps of Engineers and Dakota Access LLC each pressed a D.C. federal judge Thursday to toss claims in the Cheyenne River Sioux Tribe's challenge to the Corps' approvals for the Dakota Access pipeline, with the agency saying it didn’t violate any federal trust duty to the tribe.
A coalition of coal industry, labor and climate change groups urged President Donald Trump and congressional leaders Thursday to make carbon capture and sequestration projects part of any broad infrastructure legislative package, as well as to extend federal tax credits for such projects.
Kansas utility regulators have rejected Great Plains Energy Inc.'s proposed $12.2 billion acquisition of Westar Energy Inc., saying that Great Plains is overpaying for the utility and taking on too much debt, costs that could ultimately be borne by ratepayers.
A British Virgin Islands raw materials company has urged a Florida federal court to confirm an arbitral award requiring Venezuela's state-owned mining company to post nearly $63 million in security during an ongoing arbitration over iron ore contracts, saying a claim that the parties never agreed to arbitrate doesn’t belong in court.
Eleven Republican state attorneys general have thrown their weight behind Exxon Mobil's bid to quash investigations by Massachusetts and New York authorities into the company's knowledge of climate change, arguing the probes violate Exxon's free speech rights.
Texas law firms felt the sting of the energy downturn along with their clients, but generally weathered the storm without serious harm to their bottom lines because their work is spread across many segments of the industry. Now, there’s an optimism tied to rebounding oil prices, and early 2017 could be one of the busiest terms in recent years, attorneys say.
The European Commission closed an investigation into alleged price-fixing by several ethanol companies due to a lack of "community interest," a spokesperson confirmed Thursday, but said a probe into possible industry benchmark manipulation by a trio of ethanol producers is still in progress.
Eversheds Sutherland (US) LLP has said it added a former Dorsey & Whitney LLP attorney as a partner in its energy and infrastructure practice group in Washington, D.C.
With President Donald Trump embracing fossil fuels and California going all-in on fighting climate change and promoting clean energy, courtroom clashes between the federal government and the Golden State are inevitable. Here, attorneys identify four potential energy-related battlegrounds to keep an eye on.
A Ninth Circuit panel froze proceedings in an appeal of a Private Attorneys General Act claims denial Thursday, finding that a former employee of drilling company Nabors Drilling USA LP doesn’t merit a governmental unit exception to an automatic bankruptcy stay now than the company has filed for Chapter 11 protection.
PetroChina Co. Ltd. and several related entities on Wednesday formally committed to arbitration in a $1 billion African oil contract dispute between the company it bought into and Carlton Energy Group LLC.
A South Carolina federal judge on Thursday dismissed a suit against a Kinder Morgan Energy Partners LP subsidiary involving a spill of hundreds of thousands of gallons of petroleum products on private property, deciding there wasn’t sufficient evidence to sustain environmental groups’ Clean Water Act claims.
Top Democrats on the House Natural Resources Committee asked Interior Secretary Ryan Zinke on Thursday for copies of reports compiled after President Donald Trump ordered the review and possible suspension of regulations that may burden domestic energy development, with the lawmakers citing a need for proper oversight into “potentially massive” policy changes.
A proposed class of Amyris Inc. investors alleged in a California federal suit Thursday that the renewable energy company had failed to tell shareholders it accepted a stake in a company instead of a cash payment, causing it to miss a revenue estimate by $10 million.
A bankrupt Texas power plant’s $20 million debtor-in-possession loan plan got short-circuited Thursday, after close questioning by a Delaware bankruptcy judge and an accelerated, $5.7 million revenue hedge payment by an investor wary of DIP lender restrictions.
A New York bankruptcy judge Thursday denied a request by solar power company SunEdison Inc. for a round of discovery to investigate claims that it and its clean energy yieldcos owe $231 million under a 2014 wind energy deal, saying it appeared to be an “end-run” around the discovery process in the state case.
The Bureau of Land Management on Wednesday was slapped with an environmental suit in Colorado federal court, after the agency extended 25 oil and gas leases in White River National Forest, allegedly putting the land at continued risk of development.
A Texas businessman agreed to settle U.S. Securities and Exchange Commission claims he misled investors when raising funds to rework an oil and gas well and misappropriated their cash to gamble, according to documents filed in federal court Wednesday.
Baker Donelson Bearman Caldwell & Berkowitz PC has hired a litigation attorney with extensive experience in the energy sector as a shareholder in its Houston office, where he will be part of the firm’s business litigation group.
The recent dismissal of a challenge to Columbia Pipeline's spinoff and sale is now the fifth in a series of Delaware decisions interpreting Corwin as permitting “cleansing” of a transaction even when the approving directors allegedly had not been independent. Notably, Columbia Pipeline involved a more “vivid” conflict-of-interest issue than the previous cases, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
Congress is trying to kill class actions again. H.R. 985 would impose a host of impossible requirements on the certification of class members, and close the courtroom doors to countless victims of serious fraud, negligence and other abuses. But it would also cause well-behaving companies to lose market share, profits and sales to cheaters who aren’t policed, says Daniel Karon of Karon LLC.
The importance of authenticity is magnified when trying a case outside your home jurisdiction. While using references to local landmarks or history can help make arguments relatable, adopting local expressions or style in an attempt to ingratiate oneself with the judge and jury almost always backfires, say William Oxley and Meghan Rohling Kelly of Dechert LLP.
Confronted with the strict liability scheme under New Jersey's Spill Act, courts in the state have universally required that a contribution plaintiff establish that the defendants are "dischargers" or "in any way responsible" before recognizing contribution claims. But that changed when the Appellate Division announced its decision in Matejek v. Watson earlier this month, say Edward McTiernan and Kerry Dziubek of Arnold & Porter Kaye Scholer LLP.
Over the past few years, a significant number of consumer and investor lawsuits have been filed challenging companies' corporate social responsibility statements. These increasingly popular cases highlight the importance of taking steps to minimize the risk that such statements will result in a lawsuit, say attorneys with Gibson Dunn & Crutcher LLP.
In the coming months, the debate over reforming the nation’s tax code will intensify, and the renewable energy tax provisions — the production tax credit and the investment tax credit — will be at risk of being either scaled back or eliminated altogether. But regardless of Washington politics, renewable energy deployment will likely continue to rise, say Michael Andrews and Brad Thompson of King & Spalding LLP.
Energy storage — which can act both like a generator, injecting electricity onto the grid, and like a transmitter or distributor, providing frequency response and load management — has massive growth potential in today’s energy markets. But current U.S. market rules and industry practices make it difficult to take full advantage of energy storage, say Daniel Hagan and Jane Rueger of White & Case LLP.
The most successful Am Law 200 law firms have evolved from being partner-run to being run by a group of highly skilled professionals reporting to firm shareholders. The data collected from our recent survey indicates this model is generally conducive to increased profitability, says Anita Turner, senior director at Colliers International.
The approach by the English Court of Appeal in Saleh v. U.K. Serious Fraud Office is welcome from an asset-recovery perspective. Parties seeking to freeze or seize assets in a foreign jurisdiction should not be hamstrung by a blindly made order rendered without evidence or argument, says Lincoln Caylor of Bennett Jones LLP.
The best outside counsel think like the client. That includes understanding the client’s perspectives and goals with regard to reaching a settlement — because “good results” mean different things for different clients. Outside counsel must ask themselves the right questions, and know the answers, to shape a client-focused settlement strategy, say Kate Jackson of Cummins Inc. and Patrick Reilly of Faegre Baker Daniels LLP.