In this week’s Taxation With Representation, IBM nabs Red Hat for $34 billion, Denbury Resources scoops energy producer Penn Virginia for $1.7 billion, Quad/Graphics Inc. inks $1.4 billion deal for LSC Communications and Encana Corp. takes over Newfield Exploration Co. for $5.5 billion.
Investors in renewable energy power plant company TerraForm Global Inc. on Thursday told a New York federal court the company was wrong to say it should be able to terminate a $57 million settlement that resolved claims the company made misrepresentations in its initial public offering documents because there were too many investor opt-outs.
Blackstone-backed EagleClaw Midstream Ventures LLC on Friday said private equity firm I Squared Capital will make a $500 million investment and hand over one of its portfolio companies as part of the private equity firm’s new partnership with EagleClaw’s parent company.
A Wisconsin road construction company has refused to offer two shareholders trying to sell their portion of the business a fair price, possibly costing them millions of dollars, the pair said Thursday in a federal lawsuit that accuses members of their own family of fraud.
The U.S. Department of Justice asked a New Mexico federal court Thursday to throw out allegations made by individuals in the Southwest and members of the Navajo Nation related to the 2015 Gold King Mine spill, arguing the government is immune from the Federal Tort Claims Act claims.
PJM Interconnection, the nation's largest regional grid operator, said Thursday that the imminent retirement of coal and nuclear power plants within its territory won't harm future grid reliability and that efforts by the Trump administration to keep those and other plants open aren't needed.
The Menominee Indian Tribe of Wisconsin told a federal judge Thursday that the U.S. Environmental Protection Agency must face new claims in the tribe’s suit over a Michigan state permit for a proposed mine, saying the agency’s decision to withdraw its objections to the permit can be challenged in court.
A Pittsburgh spokesperson said Thursday the city and Allegheny County intend to appeal after a Pennsylvania judge ruled the municipalities must publicly unveil the region's bid to woo Amazon's $5 billion second headquarters.
The Chapter 11 estate of Westinghouse Electric has asked a New York bankruptcy court to force the nuclear power plant builder and its new owner, Brookfield Business Partners LP, to return $134 million that was supposed to be used to pay subcontractors but that Brookfield is allegedly trying to pocket.
The U.S. Supreme Court wrestled with the scope of immunity that international organizations like the World Bank and International Monetary Fund enjoy during oral arguments in a tort case Wednesday, trying to decipher the meaning of the word "is" in a 73-year-old statute.
Florida Power & Light Co. lost its bid Wednesday to send a class action filed by customers who experienced prolonged power outages after Hurricane Irma to the state’s public utility regulator, as a Florida appeals court said the suit belongs in state court where the customers can request damages.
Pacific Drilling SA is set to put its Chapter 11 case in the rear view after receiving New York bankruptcy court approval Wednesday to restructure $3 billion in debt through a plan of reorganization and seed the company with $400 million in cash going forward.
The Third Circuit has backed Transco’s immediate access to various Pennsylvania properties for its natural gas pipeline upgrade through five states, ruling in a precedential decision Tuesday that a lower court’s interpretation of federal natural gas law didn’t violate the separation of powers model established by the U.S. Constitution.
The government's potential misuse of citizens' data that surfaces in the development of so-called smart cities should worry privacy advocates more than what commercial entities might do with that information, Federal Communications Commission member Michael O'Rielly said in planned remarks at a policy event.
Environmental groups and utilities swapped dueling briefs in Fifth Circuit litigation challenging the U.S. Environmental Protection Agency's approval of a regional haze reduction plan for Louisiana, with each side arguing that the other's objections to the EPA's decision are baseless.
Federal prosecutors have charged an attorney who heads a Haitian development and reconstruction company with violating the Foreign Corrupt Practices Act, alleging he took part in a scheme to bribe Haitian officials to smooth the way for an $84 million port project.
Mammoet-Starneth LLC told a Delaware bankruptcy court judge Wednesday that it will pursue a Chapter 11 sale of the manufactured components of the large observation wheel it was contracted to build in New York City after the project developer couldn’t secure alternative funding.
The U.S. Supreme Court appeared divided Tuesday on whether a company organized under tribal law must pay a fuel tax to the state of Washington, with the justices focused on nailing down exactly what activity the state is seeking to tax and to what extent the Yakama Nation’s treaty rights should outweigh the state’s interest.
The bankrupt design-build firm behind a large observation wheel project in New York City will update a Delaware judge on the status of its Chapter 11 case after the project's developer was unable to secure financing to continue the project and terminated a settlement among the parties.
The Trump administration's desire to prop up struggling coal and nuclear power plants shouldn't be fulfilled at the expense of the Federal Energy Regulatory Commission's long-standing reputation as an independent, nonpartisan regulator, Commissioner Richard Glick said Tuesday.
Whether Justice Brett Kavanaugh’s prior statements may be grounds for disqualification when it comes to judging certain cases is debatable, but there are no specific recusal guidelines for the U.S. Supreme Court. The justices themselves don’t even agree on where to draw the line when it comes to perceived political bias, says Donald Scarinci, a founding partner of Scarinci Hollenbeck LLC.
As technology evolves, law firms are increasingly looking for ways to improve communication, transparency and service for their clients. Firms should put knowledge management at the core of their value proposition to create a competitive advantage, says Rob MacAdam at HighQ.
After U.S. Supreme Court oral arguments last week in Weyerhaeuser Co. v. U.S. Fish and Wildlife Service — questioning whether the FWS can designate land currently unoccupied by the dusky gopher frog as critical habitat under the Endangered Species Act — it seems the decision is primed for a 4-4 split, say Angela Levin and Andrea Wortzel of Troutman Sanders LLP.
With almost 75 percent of marine liability losses being a result of human error, companies are increasingly interested in the development of autonomous ships. While fully autonomous vessels could offer a competitive advantage by allowing elimination of shipboard crew, hiring and training of capable shoreside support staff will be essential, says Micah Dawson of Fisher Phillips LLP.
Carefully drafted provisions in M&A and other transaction documents can be used to preemptively restrict some of the parties’ discovery rights in future litigation. There is strong reason to believe that courts will find such provisions to be enforceable, say attorneys with K&L Gates LLP.
As we watch what passes for political discourse in our nation’s capital, it’s understandable that universities are launching programs on how to cope with ideological disputes. But our country needs fewer people who profess to be open-minded and more people who engage in and honor the conclusions of reasoned debates, says Alex Dimitrief of General Electric Co.
Dark web monitoring allows law firms to see what sensitive information may have made its way onto the thriving global underground marketplace where cybercriminals buy and sell exposed data. It can also help lawyers advise clients on a wide range of legal and business matters, say Anju Chopra and Brian Lapidus of Kroll.
Interpretations of Rule 45 protections vary but what's clear is that "undue burden" does not mean no burden at all. To avoid the costs of compliance with a subpoena, a nonparty should be ready to demonstrate its disinterest in the litigation and the anticipated cost and burden of compliance, say attorneys at Pepper Hamilton LLP.
Energy storage has been called the “Swiss army knife” of the electric grid because of the many services it can perform, enhancing both traditional and renewable electric generation. Recent federal and state regulatory developments mean that energy storage is poised to be a major game changer in electric power markets, say attorneys with Baker Botts LLP.
U.S. and EU sanctions on Russia are forcing many international companies to carefully evaluate and restructure their contractual relationships with Russian counterparties. In this process, Russian antitrust law provides obstacles that may be difficult to overcome in some situations, say attorneys with Noerr Consulting AG.