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Project Finance

  • June 6, 2018

    Montgomery McCracken Faces $620M Suit For Toxic Tort Work

    Montgomery McCracken Walker & Rhoads LLP is facing a $620 million class action in Pennsylvania federal court over allegations the firm botched efforts to collect toxic tort damages owed to neighbors of a Kerr-McGee Corp. plant for claims brought before the company filed for bankruptcy.

  • June 6, 2018

    Canada, EU Join WTO Dogpile Against US Metal Duties

    Major U.S. trading partners continued their campaign against the Trump administration’s national security-based steel and aluminum tariffs on Wednesday, with both Canada and the European Union filing new World Trade Organization cases alleging that the duties flout global trade rules.

  • June 6, 2018

    Latham, Vinson Assist On $3.13B Deal For EnLink Stakes

    Global Infrastructure Partners has agreed to pay $3.125 billion for all of Devon Energy Corp.’s interests in Dallas-based EnLink Midstream Partners LP, in a deal guided by law firms Latham & Watkins LLP and Vinson & Elkins LLP, according to a Wednesday statement.

  • June 5, 2018

    Real Estate Co. Escapes Fine Over DQ Bid For JAMS Judge

    A California Superior Court judge Tuesday decided not to fine a real estate company for seeking to disqualify a retired judge aiding proceedings over a loan for a San Francisco apartment complex, sidestepping accusations the disqualification bid made a "mockery of the judicial process" by finding the sanctions motion couldn’t pass procedural muster.

  • June 5, 2018

    Venezuela's Oil Co. Slips Contempt, Attys Dinged In Bribe Suit

    A Florida federal judge ruled Tuesday that an energy trader and one of its employees had not proved allegations of misconduct by Venezuela’s state-owned oil company, PDVSA, in a bribery case it brought against them, but admonished its attorneys over an apparent lack of candor.

  • June 5, 2018

    South African Developer Nabs Financing For 2 Wind Farms

    Wind and solar project developer Mainstream Renewable Power said Tuesday it completed the financing for a pair of South African wind farms that are expected to begin construction this month and boast a combined capacity of 250 megawatts.

  • June 5, 2018

    DOT Rule Opens Transit Projects To More Private Funding

    The U.S. Department of Transportation has finalized a rule that will help the federal government tap into more private investment opportunities for public transit projects, saying Tuesday that the rule is aimed at cutting red tape and incorporating innovative financing tools.

  • June 5, 2018

    NY Agencies Look To Trim Suit Over L Train Shutdown Plans

    The Metropolitan Transportation Authority, New York City Transit Authority, Federal Transportation Administration and New York City Department of Transportation pushed Monday to trim a suit claiming plans to shut down the Canarsie Tunnel for repairs and halt L train service between Manhattan and Brooklyn flout environmental and disability rights laws.

  • June 5, 2018

    Harm Of Trump's '2-For-1' Order Is Clear, Challengers Say

    Public interest groups asked a D.C. federal court Monday to agree that they had standing to challenge President Donald Trump's executive order that two federal regulations have to be repealed for each new one, citing several examples they said showed the policy's harm and arbitrary nature.

  • June 5, 2018

    DC Circ. Won't Rethink Colorado Superfund Site Ruling

    The D.C. Circuit on Monday said it won't rethink its recent decision backing the U.S. Environmental Protection Agency's addition of the entire Bonita Peak Mining District in Colorado to the federal Superfund list, rejecting a request by mining company Sunnyside Gold Corp. to do so.

  • June 5, 2018

    SEC Settles Muni Bond Fraud Claims With 3 Town Officials

    Three officials of the town of Ramapo, New York, have agreed to civil fines and a permanent injunction barring them from municipal bond offerings to resolve U.S. Securities and Exchange Commission allegations they perpetrated a bond fraud, according to consent judgments filed in New York federal court Monday.

  • June 5, 2018

    10th Circ. Greenlights Appeal Of Methane Rule's Stay

    The Tenth Circuit said Monday that California, New Mexico and several conservation groups may continue their appeal of a Wyoming federal judge’s stay of the implementation of an Obama-era rule that would put restrictions on natural gas wells on public and tribal lands.

  • June 5, 2018

    Trump's Coal, Nuke Bailout Push Has Legal Legs: FERC Chair

    President Donald Trump's controversial call for the U.S. Department of Energy to immediately prop up struggling coal and nuclear power plants has roiled the U.S. electric industry, but Federal Energy Regulatory Commission Chairman Kevin McIntyre said Tuesday that there is valid law on the president's side.

  • June 4, 2018

    Dropped Defendant Shows Buffalo Graft Case Hit A Snag

    It was unclear what caused Manhattan federal prosecutors to drop all charges against Buffalo developer Michael Laipple less than a month ahead of a state corruption trial, but experts note the move is highly unusual and indicated the case against him had likely suffered a fatal blow.

  • June 4, 2018

    North Carolina Bridge's Approval Survives NEPA Challenge

    A federal judge on Monday held that the North Carolina Department of Transportation and the Federal Highway Administration complied with the National Environmental Policy Act and other federal laws when approving a bridge in the Outer Banks, despite assertions to the contrary by a nonprofit group that opposes its construction.

  • June 4, 2018

    Osprey, Blackstone Ink $400M Royal Resources Shale Deal

    Energy-focused special-purpose acquisition company Osprey said Monday it will buy the assets of Blackstone funds-owned Royal Resources for $400 million cash and 40 million common units, to create "the first public minerals company with oil-weighted assets concentrated in the core-of-the-core Eagle Ford Shale."

  • June 4, 2018

    High Court's Narrow Ruling Leaves Water Law Questions Open

    The U.S. Supreme Court on Monday issued a criminal sentencing ruling that sidestepped a larger issue of how fragmented 4-1-4 decisions should be interpreted by lower courts — something environmental attorneys had been watching for its importance to the ongoing battle over the Clean Water Act's reach.

  • June 4, 2018

    MasTec Inks $500M Contract To Help PR Restore Power

    The Puerto Rico Electric Power Authority has awarded MasTec Inc. a $500 million contract that would see the company aid in power reconstruction and restoration efforts in the aftermath of Hurricane Maria’s destructive effects on the island, the Florida-based company announced on Monday.

  • June 4, 2018

    Alaska Tribe, Enviros Seek Quick Win In BLM Mining Suit

    An Alaskan tribe and three conservation groups on Friday urged a federal court to grant them summary judgment in their challenge to U.S. Bureau of Land Management decisions allowing a mining exploration project to go forward, saying the agency wasn’t allowed to put off environmental analysis required under federal law.

  • June 4, 2018

    Supreme Court Won't Review Mariner East Pipeline Challenge

    The U.S. Supreme Court on Monday declined to review a challenge to a Sunoco Inc. unit’s ability to use eminent domain to demand a right of way for the construction of the Mariner East 2 pipeline in Pennsylvania, cementing a ruling in the company’s favor.

Expert Analysis

  • Opinion

    Gorsuch's 1st Year Shows He Is A Conservative Activist

    Elliot Mincberg

    In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has proven to be a narrow-minded elitist who consistently votes in favor of corporations and the powerful, acting to roll back protections for workers, consumers, LGBTQ individuals and other marginalized communities, says Elliot Mincberg of People for the American Way.

  • The Many Challenges Facing Venezuela Bribery Suit: Part 2

    Richard Cooper

    Resolution of the standing issues raised in the U.S. bribery suit brought by Venezuela’s state-owned oil company PDVSA may have implications not just for this case, but for whether PDVSA may be bound by the Venezuelan government to any future debt restructuring, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.

  • How Is EPA's New Source Review Guidance Helpful?

    Richard Alonso

    The U.S. Environmental Protection Agency recently issued a memo reinterpreting regulations that determine when a project could trigger new source review. In this new policy directive, the EPA is now reinterpreting its existing regulations to allow sources to use this type of project analysis to assess whether an NSR permit is required, say attorneys with Sidley Austin LLP.

  • The Many Challenges Facing Venezuela Bribery Suit: Part 1

    Richard Cooper

    The documents filed thus far in the U.S. bribery suit brought by Venezuela’s state-owned oil company PDVSA make clear that the standing issues in this case are complicated. The case also presents questions as to whether it will have implications for financial creditors of PDVSA and the republic, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.

  • Finance-Savvy Millennials Are Shifting Business Of Law

    Michael Perlich

    The impact of millennials has already been felt within the legal community by our eagerness to embrace new technologies. One way that we will have potentially even more impact lies in our willingness to embrace new ways of developing business and financing law, says Michael Perich of Burford Capital LLC.

  • Opinion

    Attorney-Client Privilege Is Alive And Well

    Genie Harrison

    The FBI raid of the office of President Donald Trump’s personal lawyer set off a firestorm of controversy about the sanctity of the attorney-client privilege, epitomized by Trump's tweet that the "privilege is dead." But attorney-client privilege is never taken lightly — I have battle scars from the times I have sought crime-fraud exceptions, says Genie Harrison of the Genie Harrison Law Firm.

  • Roundup

    Dissolving Practice

    Dissolving Practice

    In this series, experts discuss the unique aspects of closing a law firm, and some common symptoms of dysfunctionality in a firm that can be repaired before it's too late.

  • Series

    Dissolving Practice: How To Fix A Dysfunctional Law Firm

    Larry Richard

    I am often asked, “When there are one or more partner departures, what can a firm do to prevent this from escalating to a catastrophic level?” The short answer is “nothing.” Law firms need to adopt culture-strengthening lifestyles to prevent defections from occurring in the first place, says Larry Richard of LawyerBrain LLC.

  • Series

    Dissolving Practice: Partner Agreement Clauses That Can Help

    ​​​​​Leslie Corwin

    Given the competing public policies of protecting clients’ right to counsel of their choice, lawyer mobility, and the fiduciary duty partners owe to a dissolved firm, it behooves law firms to carefully review their partnership agreements to make sure they adequately spell out what happens in the unfortunate event that the law firm chooses to wind down, say ​​​​​Leslie Corwin and Rachel Sims of Blank Rome LLP.

  • Series

    Dissolving Practice: The Unfinished Business Doctrine

    Thomas Rutledge

    There has been, of late, significant dispute as to the application of the unfinished business doctrine, particularly with respect to hourly rate matters of now-dissolved large law firms. And the California Supreme Court’s recent decision in Heller Ehrman, like others as to similar points, is highly questionable, says Thomas Rutledge of Stoll Keenon Ogden PLLC.