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Energy

  • June 24, 2019

    Ex-Venezuela Oil Minister Fights $1.4B Default Judgment

    Venezuela's former energy minister told a Texas federal judge Monday to set aside a $1.4 billion judgment against him because he argues he didn't have a chance to respond to the false allegations against him.

  • June 24, 2019

    Tesla Gets Tariff Waiver For Japanese Aluminum Battery Parts

    Tesla Inc. won't have to pay a 10% tariff on aluminum parts imported from Japan to be used in the batteries that power the Silicon Valley company's electric cars, the U.S. Commerce Department has determined.

  • June 24, 2019

    Antero Awarded $96M In W.Va. Gas Purchase Fight

    A Colorado state court jury has found that Washington, D.C.-area utility Washington Gas Light Co. and its wholesaling entity WGL Midstream Inc. owe some $96 million to gas extractor Antero Resources Corp. for a months-long failure to buy all the West Virginia natural gas that it promised to buy.

  • June 24, 2019

    Plea For 'Bombs' In Siemens Software Goes Back To Talks

    A Pittsburgh-area computer consultant accused of sabotaging software used by Siemens AG will go back to the bargaining table for a plea deal after he and a prosecutor disagreed over whether the facts cited to support a plea offer Monday accurately portrayed his motives and intentions.

  • June 24, 2019

    McKinsey Critic Denied Probe In SunEdison Ch. 11

    Restructuring pro Jay Alix's longshot bid to investigate rival McKinsey & Co.'s alleged conflicts of interest in the multibillion-dollar SunEdison Inc. restructuring has hit a dead end, after a New York bankruptcy judge found Alix doesn't have standing to bring a claim for "fraud on the court."

  • June 24, 2019

    Venezuela Faces Default Judgment Bid Over $43M Award

    Saint-Gobain Performance Plastics Europe asked a Delaware federal court to enter a default judgment against Venezuela and direct it to pay a $43 million award over the seizure of the company's fracking supply plant.

  • June 24, 2019

    Shearman & Sterling Adds Texas Bankruptcy Pro

    Shearman & Sterling LLP has hired a Texas bankruptcy pro from Baker Botts LLP, a move that comes amid an ongoing expansion across the nearly 1,000-attorney firm.

  • June 24, 2019

    High Court Puts Local Limits On Energy Development At Risk

    The U.S. Supreme Court's recent takings ruling could flood federal courts with challenges to state and local restrictions on energy development and discourage state and local governments from enacting limits on things like oil and gas drilling or large-scale renewable energy projects.

  • June 24, 2019

    Ex-Dorsey & Whitney Energy Partner Joins Greenberg Traurig

    Greenberg Traurig LLP has announced the hiring of a former Dorsey & Whitney LLP partner who will join the firm's energy and natural resources practice and global litigation practice in Washington, D.C.

  • June 24, 2019

    Mine Owner Can't Escape $2M Tab For Cleanup At W.Va. Site

    A West Virginia federal judge said Monday a company that took over mines and environmental liabilities from bankrupt Patriot Coal Corp. can't wiggle out of its obligation to pay nearly $2 million owed to an environmental group to assist with restoration efforts.

  • June 24, 2019

    Platinum Was On The Up-And-Up, Jury Told As Defense Wraps

    Counsel for former top executives of Platinum Partners on Monday rested their cases in the securities fraud trial over whether the hedge funders defrauded their investors as well as bondholders in an oil and gas company, with jurors hearing how auditors described Platinum as an aboveboard operation.

  • June 24, 2019

    Deals Rumor Mill: Blue Racer, GV Gold, Bitmain

    Blue Racer Midstream is reportedly considering going public, a Fosun International-led group is said to be discussing a deal to snap up a large stake in Russian gold miner GV Gold, and Bitmain Technologies is reportedly reigniting plans to go public.

  • June 24, 2019

    Depositions Barred In $14B Maxus Bankruptcy Suit

    A Delaware bankruptcy judge ruled Monday that Repsol SA and YPF SA cannot use depositions obtained as part of a New Jersey suit to defend a $14 billion environmental cleanup and fraudulent transfer suit brought by the litigation trust established under subsidiary Maxus Energy Corp.'s Chapter 11 plan.

  • June 24, 2019

    Kirkland, Latham Steer $410M Natural Gas Services Deal

    Energy company Archrock said Monday it will acquire a fellow natural gas compression services business for $410 million in a deal guided by Latham & Watkins and Kirkland & Ellis.

  • June 24, 2019

    Platinum Affiliates Can't Duck All Of Liquidators' Claims

    A New York federal judge on Friday kept alive portions of Platinum Partners' liquidators' lawsuit over the hedge fund's collapse, finding in part that a Second Circuit rule doesn't protect alter egos of Platinum from liability.

  • June 24, 2019

    Pa. Drill Rig Maker Hits Ch. 11, Citing Industry Downturn

    A Pennsylvania drilling rig maker filed for Chapter 11 protection in Delaware on Monday, saying it has been slow to recover from the prolonged downturn in the oil and gas sector that began in 2014, despite company efforts to shift focus to more profitable endeavors.

  • June 24, 2019

    Enviros Insist On Standing At DC Circ. In FERC Pipeline Row

    An environmental group has said its spending on air-testing and education creates standing to challenge a Federal Energy Regulatory Commission order that limits the scope of climate change reviews for certain pipeline projects, asking the D.C. Circuit to reconsider an early end to the case.

  • June 24, 2019

    High Court Declines To Hear Investor Loss Causation Dispute

    The U.S. Supreme Court rejected a petition on Monday to hear a securities class action that raised the question of whether plaintiffs must connect a company's stock drop to the disclosure of an alleged fraud in order to argue loss causation.

  • June 24, 2019

    High Court Passes On Argentina YPF Nationalization Fight

    The U.S. Supreme Court declined Monday to take up Argentina's appeal in a suit by two Spanish companies that claim to have suffered losses when the country nationalized YPF SA, leaving in place a Second Circuit opinion that dealt with a question on sovereign immunity.

  • June 24, 2019

    Gibson Dunn, Weil Steer PE Firm's $335M Petro Biz Buy

    Swiss multinational company SGS on Monday said it has agreed to sell its petroleum business to California-based Aurora Capital Partners in a $335 million deal that was guided by Weil and Gibson Dunn.

  • June 24, 2019

    High Court Passes On Bankrupt Coal Co. Benefits Case

    The U.S. Supreme Court on Monday turned away two health benefit funds' bid for review of an Eleventh Circuit ruling that allowed a bankrupt coal company to sell its assets to buyers that refused to pick up the tab for retired coal miners' health care.

  • June 24, 2019

    Justices Won't Examine Challenge To Trump Steel Tariffs

    The U.S. Supreme Court on Monday rejected a steel importer group's bid to knock down tariffs imposed last year by President Donald Trump, leaving in place the president's broad authority to set trade restrictions in the name of national security.

  • June 21, 2019

    10th Circ. Dumps Suit Over Fracking-Linked Quake Costs

    The Tenth Circuit affirmed the dismissal Friday of a putative class action alleging fracking wastewater disposal by Chesapeake, Devon and other companies in Oklahoma increased the risk of earthquakes, deciding that increased earthquake insurance rates isn't a sufficient injury to support the property owners' claim.

  • June 21, 2019

    Danish Co. Ørsted Wins Bid For NJ's First Offshore Wind Farm

    New Jersey awarded Danish energy company Ørsted the Garden State's first offshore wind farm lease on Friday, a move expected to generate $1.17 billion in energy savings and jobs for the state and advance Gov. Phil Murphy's clean energy goals.

  • June 21, 2019

    Enviros, Tribe Seek 10th Circ. Rethink Of NM Fracking Case

    Environmentalists and a Navajo tribal group have asked the Tenth Circuit to rehear their case seeking to block further drilling and hydraulic fracturing in the Mancos Shale geologic formation in New Mexico, urging it to reconsider its decision to approve only five of their 41 challenges to the Bureau of Land Management's environmental assessments.

Expert Analysis

  • An Analytical Approach To Defending Securities Class Claims

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    A recent analysis indicates that 33 securities class action complaints filed in the last year contain at least one alleged stock price drop that does not surpass the standards of indirect price impact. Verifiable absence of indirect price impact can help directors and officers execute a successful defense to negate class treatment, says Nessim Mezrahi of SAR.

  • Offshore Rig Ruling Checks State Claims At Shore

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    The U.S. Supreme Court's broad ruling in Parker Drilling v. Newton that federal — not state — wage laws apply to offshore oil workers is an important win for companies with operations on the Outer Continental Shelf, say attorneys at Paul Hastings.

  • DOJ's Citgo Case Highlights Reach, And Limits, Of FCPA

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    The bribes a Miami businessman recently admitted paying to executives of gasoline retailer Citgo violated the Foreign Corrupt Practices Act, because Citgo is owned by the Venezuelan government. But there is scant case law for the U.S. Department of Justice to rely on in a case against Citgo itself, says Timothy Belevetz of Ice Miller.

  • Shippers Look To High Court For 'Safe Berth' Resolution

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    A charterer that nominates a “safe berth” to load and discharge cargo may or may not be obligated to guarantee the berth’s safety for the vessel, depending on where the issue is being litigated. The U.S. Supreme Court has an opportunity to resolve the question in its upcoming ruling in Frescatti Shipping, says Andrew Stakelum of King & Spalding.

  • 5 Ways Law Firms Can Improve Their Job Interviews

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    When evaluating potential new hires, law firms should utilize structured interviews in order to create a consistent rating system that accurately and effectively assesses candidates' skills and competencies, says Jennifer Henderson of Major Lindsey.

  • Colo.'s New Oil And Gas Law Shifts Rulemaking Landscape

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    A new Colorado law dramatically changes the regulation of oil and gas development in the state. Oil and gas development opponents and proponents should prepare for years of complicated rulemaking and public comment opportunities at the Colorado agencies, say Zachary Fitzgerald and Ivan London of Bryan Cave.

  • How To Streamline Virtual Law Team Mass Tort Defense

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    A primary benefit of the virtual law team in mass tort litigation is creative collaboration. A "company case" approach is essential to breaking down the silos between team members, say attorneys at FaegreBD and Reed Smith.

  • Series

    Why I Became A Lawyer: A Fateful Phone Call

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    When I was growing up, my mother was always the more mild-mannered parent. But during a trans-Atlantic phone call in 1991, when I told her I wanted to go to culinary school instead of law school, she started yelling — at a volume I had never heard from her, says Jason Brookner of Gray Reed.

  • Law Firms Can Do Better With Their Mentoring Programs

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    There are a few practical, proactive steps law firms can take to create a mentoring program that pays dividends — instead of creating a mediocre program that both parties see as an obligation, says Kate Sheikh of Major Lindsey & Africa.

  • How To Comply With NYC's New Climate Mobilization Act

    Excerpt from Lexis Practice Advisor
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    Even though compliance is not mandated until 2024, New York City building owners should begin taking steps now to prepare for the Climate Mobilization Act's new limits on buildings' greenhouse gas emissions, say YuhTyng Patka and David Miller of Duval & Stachenfeld.

  • The Latest Developments In Criminal Cases Against Execs

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    This spring, there was some noteworthy news in white collar government investigations impacting executives, including the first successful prosecution in the opioid bribery scheme and the first criminal charges for failure to report under the Consumer Product Safety Act, say attorneys at Miller & Chevalier.

  • 'Rocket Docket' Justifies Its Name For 11th Straight Year

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    The U.S. District Court for the Eastern District of Virginia “rocket docket” is still the fastest federal civil trial court in the country despite some recent trends causing its median time to trial to grow to 13.2 months, says Robert Tata of Hunton.

  • Companies In Canada Must Prepare For Shareholder Activism

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    The trend of increased shareholder activism in Canada continues in 2019, with 10 public proxy contests launched since January. It is important that boards and management try to listen and understand the views of shareholders — including activists — in good faith, say Jonathan Feldman and Michael Partridge of Goodmans.

  • What May Be Ahead For PE Infrastructure Investment In Asia

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    Despite some softening in Asian infrastructure deal volumes in 2018 and the first part of 2019, both fundraising targets and long-term investment prospects remain strong for private equity sponsors, say Scott Jalowayski and James Jackson at Gibson Dunn.

  • Measuring The Value Of A Law Firm's Social Media Efforts

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    Most legal marketers struggle to show the return on investment of their social media efforts, but establishing and answering several key questions can help demonstrate exactly how social media programs contribute to a law firm's bottom line, say Guy Alvarez of Good2bSocial and communications consultant Tom Orewyler.