Energy

  • January 22, 2021

    Xcel Energy Inks $2.5M Deal In 15-Year Gas Price-Fix Fight

    A proposed class of roughly 1,100 natural gas purchasers asked a Colorado federal judge Friday to preliminarily approve a $2.5 million settlement that would resolve claims in a nearly 15-year-old antitrust suit, which alleges that Xcel Energy Inc. and its subsidiary E Prime Energy Marketing manipulated natural gas prices.

  • January 22, 2021

    EPA Seeks To Freeze All Litigation Over Trump-Era Rules

    The U.S. Environmental Protection Agency on Thursday asked the U.S. Department of Justice to pause all litigation over regulations issued under former President Donald Trump, writing in a letter that the agency's new administration would be reviewing the underlying rules.

  • January 22, 2021

    Steinmetz Gets 5 Years In Swiss Mining Corruption Case

    Israeli billionaire Beny Steinmetz has received a five-year sentence for his role in bribing the fourth wife of the late former Guinean President Lansana Conté in exchange for mining rights in the West African nation, according to a Friday release from Geneva's criminal court.

  • January 22, 2021

    NY Tells DC Circ. Feds Mishandling Nuclear Facility Shutdown

    The New York attorney general on Friday sued the U.S. Nuclear Regulatory Commission for preventing the state from voicing its concerns about the decommissioning plan for a nuclear power facility that sits along the banks of the Hudson River, less than 50 miles north of the Empire State Building.

  • January 22, 2021

    2nd Circ. Seems Wary Of Enforcing Nixed $2.7B Nigeria Award

    A Second Circuit panel appeared disinclined on Friday to completely enforce an annulled $2.7 billion arbitral award against Nigeria's state-owned oil company, as one judge expressed apparent frustration over the "remarkably general" rule allowing courts to do so in certain circumstances.

  • January 22, 2021

    DC Circ. Backs FERC's Rejection Of Fla. Pipeline Dispute

    The D.C. Circuit on Friday upheld the Federal Energy Regulatory Commission's determination that it lacks jurisdiction over the transportation of jet fuel via a Kinder Morgan-owned pipeline from Tampa, Florida, to Orlando International Airport and thus cannot consider arguments from airlines that they're being overcharged.

  • January 22, 2021

    Biden Draws Conservative Ire Over 'Social' Regulatory Reform

    President Joe Biden's day-one order for "Modernizing Regulatory Review" calls on the Office of Management and Budget to craft a new set of regulatory recommendations that will "promote the public interest" in line with his four top priorities, a move that more conservative voices characterized as a push toward "hyper-regulation."

  • January 22, 2021

    MIT Profs Back Colleague Facing 'Flawed' Fraud Charges

    Faculty members at the Massachusetts Institute of Technology are rallying around a mechanical engineering professor who was indicted Tuesday for allegedly seeking U.S. grant funding while hiding his ties to Chinese research institutions, signing onto a letter urging the school to do all it can to support the professor.

  • January 22, 2021

    Suit Says Cabot Brass Hid Leaks, Inflated $1B Stock Buyback

    A derivative lawsuit in Pennsylvania federal court claimed that Cabot Oil & Gas Corp.'s directors had misled investors and caused the company to buy back artificially inflated stock by not disclosing environmental issues with their gas wells that would lead to criminal charges by the Pennsylvania attorney general's office.

  • January 22, 2021

    Koch Accuses Venezuela Of Delaying $400M Confirmation Suit

    A pair of Koch Industries companies urged a D.C. federal judge to deny Venezuela's attempt to relitigate a $400 million award confirmation suit and accused the country of wasting judicial resources after it disagreed with a magistrate judge's refusal to toss the suit.

  • January 22, 2021

    Public Markets Still Hot As 4 IPOs Raise Combined $2B

    A quartet of newly public companies saw their shares pop on Friday in their first day of public trading after raising close to $2 billion combined in initial public offerings led by Chinese vaping company RLX's $1.4 billion debut.

  • January 22, 2021

    NC Challenges FERC Ruling On Water Certificates

    North Carolina said Friday that the Federal Energy Regulatory Commission erred when it stripped it of its power to approve or deny water certificates for a hydroelectric dam project, because the federal agency mistakenly construed the state's communication about the application.

  • January 22, 2021

    Texas Justices Pass On Attempt To Ax Rig Worker's New Trial

    The Texas Supreme Court on Friday declined to review an intermediate appellate court's decision that wiped out a $2.8 million judgment in favor of an offshore oil rig worker injured on the job and ordered a new trial in the case.

  • January 22, 2021

    Del. Justices Revive Tossed Suit Over $3.3B Spectra Deal

    Delaware's Supreme Court reversed Friday the Chancery Court's 2019 dismissal of a $661 million unitholder challenge to a part of a $3.3 billion Spectra Energy Partners LP merger in 2015, finding that the lower court wrongly denied standing after giving slim odds to the investor's chance of a material recovery.

  • January 22, 2021

    Ch. 11 Exit Brings End To Energy Co.'s Pollution Suit

    Extraction Oil & Gas has negotiated an exit from a lawsuit over allegations it violated federal air quality laws by releasing pollution without proper permits, the last of seven Colorado oil and gas companies to walk away from the litigation after a series of summer settlements.

  • January 22, 2021

    Vedder Price Adds Finance Atty To New Dallas Office

    Vedder Price PC has announced it has added a former Frost Brown Todd LLC finance attorney with more than a decade of experience in the field as the first hire for its new Dallas office.

  • January 22, 2021

    Biden Fills Agency Ranks With Climate Fight Veterans

    A former Massachusetts prosecutor with a commitment to climate change issues, law professors and government veterans with extensive Clean Air Act experience and green group litigators are some of the top federal officials who began working in the Biden administration Thursday and Friday.

  • January 22, 2021

    New Case Law Puts Pin Anchor Duties In Question

    A federal trade judge has remanded a decision on strike pin anchors back to the U.S. Department of Commerce for the third time, ordering trade officials to account for a recent appellate decision involving a similar product.

  • January 22, 2021

    Taxation With Representation: Wilson, Faegre Drinker, Weil

    In this week's Taxation With Representation, laser tool developers Lumentum and Coherent merge in a $5.7 billion deal, Boston Scientific buys medical device maker Preventice Solutions for $1.1 billion, and RxBenefits gets a $1.1 billion valuation.

  • January 22, 2021

    Minn. Group Launches New Enbridge Pipeline Challenge

    A Minnesota citizens group has launched the latest attack on a proposed $2.9 billion Enbridge Energy Ltd. pipeline, which it said would needlessly put water supplies and the environment at risk and risk exacerbating climate change conditions.

  • January 22, 2021

    V&E, Mayer Brown Power $2.6B EVgo SPAC Merger

    EVgo Services LLC, guided by Vinson & Elkins, has agreed to go public by combining with a Mayer Brown-advised special purpose acquisition company, the parties said Friday, in a deal that values the electric vehicle charging station operator at about $2.6 billion.

  • January 22, 2021

    GE Sues Siemens UK Unit Over Wind Farm Patent

    General Electric has sued the U.K. renewable power arm of Siemens, claiming the German industrial giant is infringing its patent for a technology used in offshore wind turbines in the latest legal tangle between the conglomerates.

  • January 22, 2021

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen a top executive at Huawei take action against HSBC, British Gas file two fraud claims against MasterCard and Visa, and Chanel sue over a trademark infringement. Here, Law360 looks at those and other new claims in the U.K.

  • January 22, 2021

    Indian Bank Wins $38M Loan Fight Against Mining Firm

    A judge ruled on Friday in favor of an Indian lender's claim against a mining company and three individuals over outstanding loan repayments totaling $38 million, saying the defendants had no real prospect of fighting off the lawsuit.

  • January 22, 2021

    Lloyd's Comes Under Fire Over Offshore Drilling Insurance

    Lloyd's of London confirmed on Friday that its members are providing insurance for a controversial offshore oil drilling program in the Bahamas, a step that has attracted the anger of climate groups opposed to the project. 

Expert Analysis

  • Time For Cos. To Walk The Walk On Environmental Justice

    Author Photo

    With the Biden administration pledging to consider environmental justice across all agencies and in all federal decisions, companies must candidly assess their operations in order to make sure their statements on environmental justice are backed by measurable results, say attorneys at King & Spalding.

  • As Superfund Turns 40, Courts Are Still Puzzling Over It

    Author Photo

    The Comprehensive Environmental Response, Compensation and Liability Act just turned 40, but a review of several Superfund cases from 2020 demonstrates that courts are still regularly confronted with novel questions and issues related to the law, says Peter Keays at Hangley Aronchick.

  • Why Biden Is Likely To Restore Supplemental Enviro Projects

    Author Photo

    After the Trump administration's controversial decision to prohibit the use of supplemental environmental projects in U.S. Department of Justice civil enforcement settlements, the Biden administration will likely reimplement SEPs without facing any legal obstacles, says Carrick Brooke-Davidson at Williams Mullen.

  • Law Firms Should Note GCs' Growing Focus On Biz Strategies

    Author Photo

    Amid the challenges of the pandemic, a shifting digital landscape, and increasing calls for diversity and inclusion, general counsel responsibilities are expanding into six new areas, highlighting the need for both in-house and outside counsel to serve as strategic and empathetic business leaders, say Wendy King at FTI Consulting and David Horrigan at Relativity.

  • Energy Antitrust: The Year In Review And What Lies Ahead

    Author Photo

    Antitrust enforcement and litigation in the energy industry remained steady in 2020, despite challenges imposed by COVID-19 — and as 2021 unfolds, both regulatory action and private litigation will likely increase, say attorneys at V&E.

  • 6 Changes The Legal Industry Should Prepare For

    Author Photo

    As clients increasingly demand better efficiency, predictability and cost-effectiveness from their legal partners, especially during the pandemic, law firms and other legal service providers may need to explore new ways to bundle and deliver services — and move away from billing by time, says Joey Seeber at Level Legal.

  • Arizona May Have Nudged US Law Firms Toward Future IPOs

    Author Photo

    No U.S. law firm has its shares listed on a public stock exchange unlike some lucrative overseas counterparts, but by allowing nonattorneys to become stakeholders in law firms, Arizona may have paved the way for this to change should other U.S. states — particularly New York — follow suit, says Marc Lieberman at Kutak Rock.

  • FERC Order Bolsters States' Small Power Facility Authority

    Author Photo

    A recent Federal Energy Regulatory Commission order clarifying Public Utility Regulatory Policies Act rules should give states confidence that they will continue to enjoy significant discretion in regulating small power production facilities, say attorneys at Troutman Pepper.

  • Opinion

    Trump Admin.'s Citgo Sale Prevention Is Unconstitutional

    Author Photo

    The Trump administration's efforts to prevent Crystallex's sale of Citgo's parent company are an end run around U.S. Supreme Court just compensation precedent and constitutionally protected property rights, says former Federal Communications Commission general counsel Bruce Fein.

  • Lessons From Economic Testimony In 2020 Merger Litigation

    Author Photo

    A look back at 2020 antitrust cases shows why economic evidence is likely to remain a key element in merger-enforcement litigation, despite the occasional anomaly, says Julie Elmer at Freshfields.

  • Opinion

    6 Ways Financial Regulators Should Prioritize Climate Risk

    Author Photo

    As the Biden administration prepares to take office, financial regulators must resolve to collaborate with each other and industries to manage the financial risks from climate change after years of obstruction by the Trump administration, says New York Department of Financial Services Superintendent Linda Lacewell.

  • 4 Legal Industry Trends Litigation Financiers Are Watching

    Author Photo

    Some recent litigation developments demonstrate efforts by law firms and their clients to search for opportunities in the COVID-19 economic fallout, while others — such as the rise of contingency fee arrangements — reflect acceleration of tendencies that were already underway, says William Weisman at Therium Capital.

  • How EU Climate Regs May Affect US Private Fund Managers

    Author Photo

    As compliance dates for the European Commission's environmental, social and governance rules draw closer, U.S. private fund managers should be aware that EU investors and subsidiaries could trigger climate risk data requests and compliance obligations, says Trysha Daskam at Silver Regulatory.

  • Lenders' Role Will Be Key In NYC Green Building Loans

    Author Photo

    New York City's Climate Mobilization Act, which will soon restrict large buildings' carbon emissions, provides for a loan program to help owners finance energy-efficient improvements — but the program's success will depend on mortgage lenders' participation, says Jason Rozes at Dechert.

  • A Lawyer's Guide To Setting Well-Being Goals In 2021

    Author Photo

    In the face of rising client demands due to the pandemic and the changing regulatory environment, and with remote work continuing for the foreseeable future, lawyers should invest in their well-being by establishing inspiring yet realistic goals for 2021 — one month at a time, says Krista Larson at Morgan Lewis.

Want to publish in Law360?


Submit an idea
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!