Project Finance

  • February 7, 2018

    Jury Gives Landowner $28M For Lost Value From Highway

    A Texas state jury returned a $28.8 million verdict Friday in favor of the owner of a proposed housing development that claimed the state drastically reduced the value of its property by building a major roadway through it.

  • February 7, 2018

    States Urge 11th Circ. To Quickly Remand Water Rule Case

    Ten states on Tuesday asked the Eleventh Circuit to hurry up and transfer a legal challenge to the U.S. Environmental Protection Agency’s Clean Water Rule to federal district court so they can get a faster decision on their bid to halt the rule’s implementation.

  • February 7, 2018

    Targa, Stonepeak Team Up For $1.1B In Gas Projects

    Midstream energy company Targa Resources Corp. said Tuesday it will partner with private equity firm Stonepeak Infrastructure Partners on a $1.1 billion trio of joint venture projects that involve the construction and operation of gas pipelines and liquid gas processing units.

  • February 7, 2018

    9th Circ. Revives Union Pacific's Claims In Pipeline Rent Suits

    The Ninth Circuit on Tuesday revived the counterclaims of Union Pacific Railroad Co. in landowner suits accusing it of illegally collecting decades of pipeline rent, saying 19th-century laws granting Union Pacific the right of way didn't require the company to use it only for a “railroad purpose.”

  • February 7, 2018

    NRG Scores $2.8B From Renewable Unit, Energy Plant Sales

    NRG Energy Inc. on Wednesday said it will sell its renewables business and a handful of Southern energy assets in a pair of deals worth around $2.8 billion as part of a plan implemented last year to cut costs and create better shareholder value.

  • February 7, 2018

    Senate Panel Again Advances Trump's EPA Deputy Pick

    The U.S. Senate Committee on the Environment and Public Works on Wednesday again advanced President Donald Trump's pick for the U.S. Environmental Protection Agency's second-in-command post on a strict party-line vote, with Democrats grounding their opposition in the nominee's background as a coal industry lobbyist.

  • February 6, 2018

    NY Joins States Suing EPA Over Clean Water Rule Delay

    New York and several other states on Tuesday filed suit in New York federal court against the U.S. Environmental Protection Agency, accusing it of failing to consider the full consequences or receive the necessary public input before suspending an Obama-era rule defining the Clean Water Act’s reach.

  • February 6, 2018

    NJ Rejects PennEast's Right-Of-Way Bid For Pipeline

    New Jersey has told PennEast that it won’t sign off on a proposed right-of-way needed for the company to construct its controversial gas pipeline that would run through Pennsylvania and the Garden State.

  • February 6, 2018

    Ascent Resources Hits Ch. 11 With $1.2B Debt Rework Plan

    Oil and gas developer and producer Ascent Resources Marcellus Holdings LLC and two subsidiaries filed for Chapter 11 protection Tuesday in Delaware with a restructuring strategy in hand to quickly swap out $1.2 billion in first- and second-lien debt for equity in a reorganized company mid-March.

  • February 6, 2018

    Northeast Cap-And-Trade Turns 10: A RGGI Report Card

    While federal climate change policy is now in full retreat under President Donald Trump, the Regional Greenhouse Gas Initiative has been a picture of policy stability since it began running in 2009. As the climate compact of northeastern states enters its 10th year of operation and welcomes a 10th member in New Jersey, climate experts draw up a RGGI report card.

  • February 6, 2018

    Kirkland Says Ex-US Trustee Is Isolated From Ch. 11 Case

    Kirkland & Ellis LLP will not use a new hire to gain an unfair advantage as it represents creditors in Breitburn Energy Partners LP’s Chapter 11, the firm told a New York bankruptcy court on Tuesday, referring to a new attorney who previously oversaw the same case for the US Trustee.

  • February 6, 2018

    WPX Energy Sells San Juan Oil Assets For $700M

    Energy production company WPX Energy Inc. has sold its holdings in the San Juan Basin’s Gallup oil play to Enduring Resources IV LLC for $700 million, according to a Monday filing with the U.S. Securities and Exchange Commission.

  • February 6, 2018

    BLM Fights Effort To Undo 10th Circ. Fracking Rule Decision

    The federal government and environmental groups on Monday urged the Tenth Circuit not to grant North Dakota’s bid to leave in place a lower court ruling that the government didn’t have the authority to apply a 2015 fracking rule to tribal and federal land.

  • February 6, 2018

    Hercules Wants $4.8M In Atty Fees In Drilling Fire Suit

    A drilling contractor on Monday asked a Texas federal court for $4.8 million in attorneys' fees and expenses from the owner of an offshore gas drilling platform after the court ruled the owner was required to cover the contractor’s costs in a dispute over liability for a fire that destroyed the rig.

  • February 5, 2018

    Puerto Rico Oversight Board Defends $1.3B PREPA Loan Bid

    Puerto Rico’s government and the federally appointed board overseeing its historic debt restructuring are fighting hard to get a $1.3 billion emergency loan approved for the island’s beleaguered electric utility, blasting creditor objections to the plan as petty and legally unsound.

  • February 5, 2018

    Breitburn Shareholders To Reopen Ch. 11 Row After $1.8B Bid

    Shareholders of Breitburn Energy Partners LP will get the opportunity next week to potentially reopen the court record and further challenge the company’s pending Chapter 11 plan after arguing a recent unsolicited $1.8 billion bid for the oil and gas enterprise should alter asset valuations, a judge decided Monday.

  • February 5, 2018

    Shutdown Looming, FERC Downplays Pipeline's GHG Impact

    Federal Energy Regulatory Commission staff on Monday finalized a court-ordered analysis of downstream greenhouse gas emissions from a $3.5 billion natural gas pipeline to Florida that downplayed their environmental impact, three days after the pipeline's owners urged the agency to quickly reissue construction certificates to avoid a shutdown.

  • February 5, 2018

    Ex-NY Lobbyist Tells Jury Life Of Thieving Led To Plea

    Todd Howe, the disgraced lobbyist whose testimony prosecutors hope will lead to the corruption convictions of a former top aide to New York Gov. Andrew Cuomo and three businessmen, told a Manhattan jury Monday that he stole roughly $1 million from Whiteman Osterman & Hanna LLP before he was fired in 2016.

  • February 5, 2018

    15 Tribes Urge Wash. Gov. To Stop LNG Project Construction

    More than a dozen Native American tribes in the Northwest urged Washington state Gov. Jay Inslee on Friday to put construction of a liquefied natural gas plant on hold, arguing the typical regulatory process was passed over.

  • February 5, 2018

    Don't Let Pipeline Co. Take Land, 4th Circ. Told

    Virginia landowners on Friday urged the Fourth Circuit to bar Mountain Valley Pipeline LLC from taking properties for its project, saying a lower court's ruling setting conditions on that possession won't sufficiently protect landowners while they challenge the constitutionality of the Federal Energy Regulatory Commission's eminent domain authority.

Expert Analysis

  • Roundup

    My Strangest Day In Court

    Logo

    Every seasoned litigator has his or her fair share of courtroom stories. Check out the strange experiences that captured reader interest in this popular 2017 series.

  • How 2 Devices And 1 Domain Changed My Practice In 2017

    Paul Kiesel

    The question I ask about new technology is how can it improve the quality of my practice — and my life? This year, the iPhone X, the Apple Watch Series 3 and a .LAW domain have proven to be great investments, for professional and personal reasons, says attorney Paul Kiesel of Kiesel Law LLP.

  • Alternative Fees: My Experience At Bartlit Beck

    J.B. Heaton

    Bartlit Beck was a wonderful place to work for 18 years, and the lawyers there are not only excellent attorneys but also great people. That said, I can look analytically at the Bartlit Beck fee model and make some observations on its pros and cons, says J.B. Heaton, founder of investment analytics company Conjecture LLC.

  • Opinion

    Jurors Should Have An Active Role In Trials

    Judge Amos Mazzant III

    We tell jurors how important they are to the successful implementation of our judicial system, but oftentimes we don’t treat them with the reverence they deserve. U.S. District Judge Amos Mazzant III of the Eastern District of Texas, Lisa Blue of Baron and Blue, and Robert Hirschhorn of Cathy E. Bennett & Associates advocate three improvements to give jurors an active role in our civil and criminal jury trials.

  • Series

    40 Years Of FCPA: An Update From The DOJ

    Daniel Kahn

    U.S. Department of Justice prosecutors and law enforcement partners have secured more foreign bribery-related trial convictions and guilty pleas this year than in any other year in the history of the Foreign Corrupt Practices Act, in fact by almost twice as much. These are all significant cases with significant impacts, says Daniel Kahn, chief of the DOJ's FCPA Unit.

  • Why Information Governance Is More Important Than Ever

    Linda Sharp

    It used to be that hiring a good law firm was the single most important thing a company could do when facing litigation. You could now make the case that an organization’s most powerful asset in prosecuting or defending a claim is its information, says Linda Sharp, associate general counsel of ZL Technologies and chair of the ACC Information Governance Committee.

  • Litigation Trend Links Climate Change And Human Rights

    Viren Mascarenhas

    One key takeaway from the Bonn Climate Talks — which recently brought together negotiators from close to 200 countries to discuss implementation of the Paris agreement — is that energy companies must seriously consider potential lawsuits linking their business operations with human rights violations and climate change, say Viren Mascarenhas and Kayla Winarsky Green of King & Spalding LLP.

  • Opinion

    BigLaw Is Behind The Automation Curve

    Michael Moradzadeh

    In its new report on the effects of automation in the workplace, McKinsey Global Institute identifies lawyers as less susceptible to the sort of automation that could put one-third of American workers out of a career by 2030. This may seem reassuring, but it doesn't mean automation won't disrupt our bottom line, says Michael Moradzadeh of Rimon PC.

  • Series

    40 Years Of FCPA: Compliance, Past And Future

    Hui Chen

    More than any other statute, the Foreign Corrupt Practices Act has fueled the growth of the compliance industry. While the expansion of corporate compliance is a positive development, the fear-driven and FCPA-centric approach has also produced unfortunate consequences, says ethics consultant Hui Chen, who served as the U.S. Department of Justice's first-ever compliance counsel.

  • Series

    40 Years Of FCPA: Cross-Border Efforts And Growing Risk

    Patrick Stokes

    The U.S. agencies’ increasing coordination with their foreign partners has led to more potent Foreign Corrupt Practices Act investigations — in terms of both their scope and settlement cost, say Patrick Stokes, former chief of the FCPA Unit at the U.S. Department of Justice, and Zachariah Lloyd of Gibson Dunn & Crutcher LLP.