Natural gas producer Ultra Petroleum told a Texas bankruptcy judge Monday it had settled creditor objections to its Chapter 11 plan, while equity holders urged him to reject the plan as unnecessary and flawed.
A Missouri federal judge pressed the Federal Trade Commission in closing arguments Monday to explain how a proposed joint venture between Arch Coal and Peabody would drive up energy prices in the face of market pressures beyond the "coal-on-coal competition" that the agency has focused on.
A D.C. federal judge said Monday he doesn't have enough for an "informed" ruling on a request for COVID-19-related release from the ex-owner of an Afghanistan marble mining company who is serving 4½ years in prison for defrauding the U.S. government on a $15.8 million loan.
A Delaware judge gave her nod Monday to bidding procedures in Texas-based oil and gas storage tank maker Permian Tank & Manufacturing Inc.'s Chapter 11, after an agreement was struck putting off potential sale squabbles with unsecured creditors until another day.
Colorado is urging the Tenth Circuit to uphold a lower court's decision barring the Trump administration's rule narrowing the scope of the Clean Water Act from taking effect in the state, saying it would cause serious environmental damage if reinstated.
The Natural Resources Defense Council and a coalition of advocates on Monday threatened to sue the U.S. Department of Energy, alleging it has ignored its duty to update energy standards for a slew of products from microwave ovens to water heaters.
The Ninth Circuit on Monday revived the recovery claim of a slew of health care, chemical and defense companies against other firms over costs associated with the cleanup of a California Superfund site, saying a lower court wrongly determined the claim was time-barred.
Dutch renewable energy firm Masdar Solar has urged a D.C. federal court to unpause litigation seeking to enforce a €64.5 million ($71.35 million at the time) arbitral award against Spain, saying a decision on annulment isn't expected for at least a year.
A Finnish businessman is urging a D.C. federal court to enforce an arbitral award against Egypt worth some $115 million, which he won after his iron ore project was shut down by the Egyptian government and he was thrown in jail for more than three years on trumped-up misappropriation of funds charges.
The Fifth Circuit has affirmed a lower court ruling that Petroleum Analyzer Co. LP hadn't wrongly used proprietary oil and gas technology developed by a competitor, saying there's no evidence the company swiped a trade secret.
Singapore state investment fund Temasek on Monday pulled its SG$4.08 billion ($3 billion) offer to take a controlling stake in Keppel, saying the conglomerate's poor financial performance amounts to a material adverse change that scuttles the deal.
A group of Commonwealth Edison customers hit the utility, several company personnel and Illinois House Speaker Michael Madigan with a $450 million civil racketeering suit Monday following the company's recent admission that certain employees bribed the speaker's associates in exchange for favorable legislation.
The special prosecutors bringing felony securities fraud charges against Texas Attorney General Ken Paxton told a Harris County District Court judge on Friday to ignore a recusal motion lodged by the attorney general's defense team a day earlier as untimely.
An international tribunal has tossed a $4 billion claim targeting Uruguay over regulatory changes that allegedly forced the closure of a significant iron ore mining project, concluding it lacks jurisdiction because the claimants did not own the project in question.
The U.S. Department of the Interior on Friday proposed changing how lease royalties for minerals such as oil and gas on federal lands are calculated, pushing to reduce the burden on industry and reverse Obama-era changes.
Nearly 60 Democratic members of Congress have demanded that the Trump administration come clean about which major infrastructure projects have benefited from an executive order to fast-track environmental reviews amid the economic downturn sparked by the COVID-19 pandemic.
The Federal Trade Commission's compliance chief used last month's $3.5 million settlement with a major gas station chain that allegedly shirked divestiture deadlines to issue a stern warning that both the deadlines and penalties are "real" — and that firms shouldn't count on extensions.
Four wind project owners have urged the Eighth Circuit to uphold an order barring a Nebraska public utility from prematurely ending its 20-year power purchase agreements, telling the court that terminating the contracts would have "devastating consequences."
Spain on Thursday accused a renewable energy company of trying to place the country in a "procedural straitjacket," urging a D.C. federal court to consolidate the company's case with another one seeking to enforce an award related to the country's energy regulatory framework.
Two Houston-area personal injury law firms and a handful of attorneys have been hit with a legal malpractice lawsuit brought in state court by a former client who alleged their failure to comply with "simple pretrial orders" resulted in the dismissal of his $2.2 million Deepwater Horizon claim.
Canada on Friday laid out its plan to retaliate against the Trump administration's newly revived tariff on Canadian aluminum, proposing new duties of its own on $2.7 billion worth of U.S. goods, including bicycles, household appliances and sports equipment.
A disgraced former Pennsylvania biofuel executive was sentenced to seven years in federal prison Thursday after being convicted on charges that he used his company to bilk the government out of tens of millions of dollars' worth of industry subsidies.
In this week's Taxation With Representation, Marathon Petroleum sells Speedway in a $21 billion deal, Teladoc Health and Livongo ink a $18.5 billion merger, and a $16.3 billion Siemens buy creates the world's biggest cancer care provider.
The Tennessee Valley Authority has reversed course on plans to outsource technology jobs abroad, three days after President Donald Trump fired two of the government-owned utility's board members and inked an executive order requiring federal agencies to prioritize Americans for contractor roles.
The Sierra Club says the federal government's opposition to a deal the group struck with DTE Energy Co. to resolve long-standing allegations that DTE illegally modified power plants is over the top, unfounded and should be rejected.
The Queen v. Cameco Corp., a recent Canadian appellate decision and the first case to test Canada's transfer pricing recharacterization rules, has significant implications for cross-border intragroup transactions and the intersection of Canadian tax law with the Organization for Economic Cooperation and Development’s guidance, says Matt Billings at Duff & Phelps.
As oil and gas producers' revenues fall, and their creditors see the value of their reserve-based collateral plummet, some lenders may want to protect their interests by taking temporary ownership of the assets through foreclosure, credit bid or other remedy, say attorneys at Hunton.
As an attorney with cerebral palsy, Danielle Liebl at Reed Smith says that while the 30-year-old Americans with Disabilities Act has protected her against discrimination, the legal industry must do more to accommodate lawyers with disabilities and make them more comfortable in self-identifying.
Many small towns and rural counties have few lawyers or none at all, which threatens the notion of justice for all Americans and demands creative solutions from legislators, bar associations and law schools, says Patricia Refo, president of the American Bar Association.
Advances in legal technology are often accompanied by bombastic overstatements, but it is important to separate the wheat from the chaff by looking at where various technologies stand on the hype curve, says Lance Eliot at Stanford Law School.
The D.C. Circuit's recent ruling in Allegheny Defense Project v. Federal Energy Regulatory Commission deals a major blow to FERC's use of tolling orders to forestall judicial rehearings, but Congress may soon come to the agency's aid, say Sandra Rizzo and David Skillman at Arnold & Porter.
Updated regulations from the White House Council on Environmental Quality likely preclude government agencies from considering climate change in most National Environmental Policy Act analyses, making litigation over the revisions all but certain, say attorneys at King & Spalding.
The American Bar Association should revise its recently approved best practices on third-party litigation funding as they do not reflect how legal finance actually works and could create confusion among lawyers, says Andrew Cohen at Burford Capital.
The Indiana Utility Regulatory Commission recently barred utilities from collecting late fees as COVID-19 strains their finances, but reducing previously approved sources of revenue to meet the utility's authorized revenue requirement may run afoul of the regulatory compact between utilities and their regulators, say Dane McKaughan and Todd Kimbrough at Holland & Knight.
Prohibitions taking effect next week on the use of certain Chinese telecommunications technology by government contractors will have an immediate impact on M&A involving companies that do business with the federal government, and will require prospective buyers' careful consideration in four areas, say attorneys at Covington.
In the final year of any presidential administration, there is an undeniable appetite on the part of large law firms for government-savvy legal talent, but firms need to first consider how they will actually utilize their new star hire, says Michael Ellenhorn at Decipher.
Delegating legal work to robots involves several risks, including running afoul of statutes dictating unauthorized practice of law, but with the right precautions, law firms can lawfully employ artificially intelligent chatbots that can imitate human conversations, say attorneys at Haynes and Boone.
The recent Tax Court decision in Nelson v. Commissioner — a case involving transfer of interests in a family business — reflects that the intent of donors is only as strong as the precise language in the formula clause, say Carsten Hoffmann and John Ashbrook at Stout Risius and Eric Bardwell at Jeffer Mangels.
The recent Delaware federal court ruling in Midwest Energy Emissions v. Vistra Energy demonstrates that carefully structuring enterprise agreements to avoid satisfying the joint-enterprise patent infringement theory's equal-right requirement can help potential infringers avoid liability, says Alex Englehart at Oblon McClelland.
The challenges of administering bar exams this year have put the future of the profession in jeopardy, but the American Bar Association at its ongoing annual meeting can adopt a resolution that would urge jurisdictions to take emergency actions with respect to licensure of new attorneys, says Nicholas Allard, former president of Brooklyn Law School.