EPA Sued Over Power Plant Greenhouse Gas Rule Repeal

By Keith Goldberg

Environmental and public health groups on Thursday sued the U.S. Environmental Protection Agency over its repeal of greenhouse gas emissions standards for power plants, accusing the agency of renouncing its legal obligation to tackle climate change-related pollution from the power sector.

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Wash. High Court Strikes Down Natural Gas Voter Initiative

By Rachel Riley

The Washington State Supreme Court has invalidated a voter-approved initiative barring local governments and building code officials from adopting rules to discourage natural gas use, ruling in a 6-3 decision Thursday that it violates a provision of the state constitution limiting legislative measures to a single subject.

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Holtec Nuclear Delays $750M IPO Citing Market Conditions

By Nate Beck

Nuclear power plant equipment company Holtec Nuclear Corp. on Thursday said it has postponed an expected initial public offering advised by Gibson Dunn & Crutcher LLP.

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Oil Giants, Estate Agree To End Heat Wave Death Claims

By Ben Adlin

The daughter of a Washington woman who died in a 2021 heat wave has agreed to drop claims against oil giants Chevron, Shell, BP and Phillips 66, according to motions filed Tuesday and Wednesday in King County Superior Court.

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Canada Commits To Trade Initiatives With EU, Southeast Asia

By Dylan Moroses

Canadian Prime Minister Mark Carney on Thursday committed to work with European Union officials to enhance the trading relationship between the bloc and Canada as the country's top trade official is scheduled to visit major partners in Asia in the coming days to advance negotiations on trade agreements.

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Brief

Commerce Orders Duties On Algerian Steel Rod Imports

By Jack McLoone

Imports of carbon and alloy steel wire rod from Algeria will be subject to a countervailing duty after the U.S. Department of Commerce finalized its determination Thursday that the imports are benefiting from government subsidies.

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Brief

Bulgarian, Egyptian And Vietnamese Rebar Hit With US Duties

By Jack McLoone

Steel reinforcing bar arriving into the U.S. from Bulgaria, Egypt and Vietnam will be subject to antidumping duties, while the Egyptian and Vietnamese rebar will also be hit with countervailing duties, the U.S. Department of Commerce said Thursday.

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Corpay Reaches $100M Deal In FTC Case Over Hidden Fees

By Craig Clough

Corpay Inc. and its CEO agreed Thursday to pay $100 million to resolve Federal Trade Commission allegations that the company deceived small businesses about savings and fees associated with its fuel cards.

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Sen. Dems Question Oversight Of Venezuela Resource Funds

By Dylan Moroses

Senate Democratic leaders sent a letter to President Donald Trump's administration seeking information about its role overseeing oil and gold transactions in Venezuela, raising concerns about corruption and possible misuse of funds, according to a press release issued Thursday.

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Ex-YPF Investors Take Argentina To ICSID Over 2012 Seizure

By Joyce Hanson

The International Centre for Settlement of Investment Disputes has picked up a bid for arbitration by investors in Argentine oil and gas exploration company YPF SA, making good on their statement to a New York federal judge that they will arbitrate their claims over Argentina's nationalization of YPF.

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Texas Judge Won't Block Voting Rule For Rick Perry's AI Co.

By Katryna Perera

A Texas business court judge has denied billionaire businessman Toby Neugebauer's bid to block a corporate governance measure at the artificial intelligence infrastructure company co-founded by former Texas Gov. Rick Perry, finding, among other things, Neugebauer has not shown he would suffer an injury absent relief.

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Ex-Conn. Utility Regulator Defends Appeal Of FOIA Fine

By Brian Steele

Former Connecticut utility regulator Marissa P. Gillett has asked a state court not to toss her appeal of a $2,500 fine imposed on her by the Freedom of Information Commission for failure to comply with a records request from Eversource Energy, disagreeing with the commission that her case is now moot because the agency paid the fine and underwent FOIA training.

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Electricity Tax Rules Kept In Irish EU Reg Draft, Over Protests

By Kevin Pinner

The Irish government, currently leading the Council of the European Union, kept rules requiring tax rates on electricity to be no less favorable than those on natural gas in its revision of a draft EU regulation, despite some member states' objections, according to a document obtained Thursday by Law360.

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Brief

GE Vernova, Vineyard Wind Drop Dispute Over Payment

By Julie Manganis

Vineyard Wind I LLC and a GE Vernova subsidiary have dropped their legal dispute over a $300,000 bill for work on turbines off the Massachusetts coast, according to Wednesday court filings.

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Deals Rumor Mill

OpenAI Aims For $1.2T Valuation, More Rumors

By Jade Martinez-Pogue

Artificial intelligence giant OpenAI is mulling a private funding round that could value the ChatGPT maker at $1.2 trillion; Blackstone is looking to raise $8 billion for its latest Green Infrastructure Credit Fund; and Japanese chipmaker Kioxia Holdings is looking to raise $10 billion by listing American depositary receipts.

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9th Circ. Ruling Marks New Chapter In Risk Factor Tug-Of-War

The Ninth Circuit's recent dismissal of a securities fraud class action against SunPower is the latest in a growing line of cases addressing whether, if ever, a company's risk factor disclosures can give rise to potential liability, an area where the law remains unsettled, say attorneys at Alston & Bird.

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IRS Notice Helps Bridge Carbon Capture Reporting Gap

Recent guidance that extends a safe harbor for taxpayers claiming Section 45Q carbon capture credits provides a temporary reporting method that may keep viable projects moving while the U.S. Department of the Treasury and the Environmental Protection Agency address future reporting standards, says Peter Lowy at Nelson Mullins.

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Senate Confirms Kirkland Partner To Texas Federal Bench

By Courtney Bublé

The Senate voted 49-45 on Thursday to confirm Kasdin Miller Mitchell, a partner at Kirkland & Ellis LLP, to serve as a U.S. district judge for the Northern District of Texas.

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Analysis

Sue To Stop AI Armageddon? Not So Fast, Attys Say

By Y. Peter Kang

As executives at leading artificial intelligence companies increasingly assert that their own technology could one day pose an existential threat to humanity, a natural question follows: If the risk is real, can anyone sue to stop it before disaster strikes?

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Clancy Atty Denies Malpractice Claim By Man Serving Life

By Julie Manganis

A prominent Massachusetts criminal defense attorney best known for representing Lindsay Clancy has been accused in a separate case of "abandoning" a client who is serving life sentences for second-degree murder and home invasion, allegations the lawyer denies.

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AI Flubs, More Secure PACER Get Judiciary Forum Spotlight

By Jeff Overley

Misuse of artificial intelligence tools and a "state-of-the-art" revamp of electronic dockets in federal cases were among the hottest topics Thursday at a major meeting of judiciary leaders, who also heard a lawmaker warn of eroding trust in the U.S. Department of Justice.

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Analysis

For Single-Party FTC, Easier Suits May Come With A Cost

By Bryan Koenig

The Federal Trade Commission has ditched its historical multimember, multiparty ethos for a one-party regime in which fewer dissents might make it easier for Chairman Andrew Ferguson to pursue his agenda, but it also forecloses the potential "moderating influence" that comes with winning broad buy-in from commissioners of two parties.

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Immigration Attorney Wants SEC Sanctioned In EB-5 Case

By Tom Lotshaw

An immigration attorney and her firm asked a New York federal judge to sanction the U.S. Securities and Exchange Commission for failing to reasonably investigate an allegedly bogus unregistered securities claim it brought against them in an EB-5 immigrant investor case.

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Weaponization Fund Plaintiffs Say Discovery Ruling Was Right

By Jared Foretek

Plaintiffs suing over the Trump administration's once-proposed "anti-weaponization fund" are telling a Virginia federal judge to reject the U.S. Department of Justice's objections to a magistrate judge's discovery order, accusing the administration of stonewalling their requests and urging prompt discovery production.

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