Analysis

Spain Cert Denial Clears A Path, But Creditors Face Hurdles

By Caroline Simson

The U.S. Supreme Court's decision last week not to review a D.C. Circuit decision laying a path to enforce more than $400 million in arbitral awards against Spain has removed a jurisdictional hurdle for other similarly situated creditors, but other sticking points in the cases are likely to remain.

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Fed. Circ. Wary Of Both Sides In DOE Breach Damages Row

By Madeline Lyskawa

A panel of the Federal Circuit on Tuesday appeared skeptical of both sides' arguments concerning whether a $145 million judgment for three nuclear power plant owners over the U.S. Department of Energy's continued failure to accept spent nuclear fuel for disposal should be offset by the companies' investment earnings.

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Judge Defends Decision Keeping Paraquat Cases In Philly

By P.J. D'Annunzio

The Philadelphia judge who blocked a bid to move several of the paraquat Parkinson's Disease mass tort cases out of the city is standing by his ruling, recommending that the Pennsylvania Superior Court adopt his rejection of the companies' arguments to the contrary in its appellate review of the case.

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Exxon Seeks $324M Judgment In Dispute On Qatar Deal Tax

By Asha Glover

Exxon asked a Texas federal court to rule that it's owed a $273 million tax refund and $51 million in penalties in a dispute with the U.S. government over the tax treatment of a natural gas deal with Qatar.

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Brief

Algerian Wire Rod Facing US Countervailing Duty

By Jack McLoone

Carbon and alloy steel wire from Algeria is facing a possible countervailing duty after the U.S. Department of Commerce on Tuesday preliminarily found it to be benefiting from government subsidies.

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EEOC Says Exxon's Delayed Disclosures Warrant Sanctions

By Patrick Hoff

The U.S. Equal Employment Opportunity Commission said ExxonMobil held onto critical information until the last minute in a lawsuit alleging the company didn't properly handle the discovery of nooses in an oil refinery complex, urging a Louisiana federal court to bar the company from using the eleventh-hour materials.

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Del. Chancery Dismisses World Energy's Air Products Suit

By Jarek Rutz

The Delaware Chancery Court dismissed a lawsuit by World Energy LLC seeking to force Air Products and Chemicals Inc. to resume work on a stalled $2 billion sustainable aviation fuel project, ruling that World Energy repeatedly failed to meet its own payment obligations and therefore could not compel Air Products to continue performing under the parties' agreements.

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Consultant Says FARA Verdict Should Be Erased

By Rose Krebs

A political consultant convicted of knowingly failing to register as a foreign agent as she helped draft a $50 million contract involving a former congressman and Venezuela's state-owned oil enterprise continues to argue she should be acquitted or given a new trial, saying the verdict was "against the great weight of the evidence."

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Nevada Solar Plant Gets OK For Ch. 11 Wind-Down Plan

By Rick Archer

A Delaware bankruptcy judge Tuesday approved the wind-down plan of a Nevada solar plant operator after hearing creditors dropped their request to appoint a trustee to investigate the company's management.

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Orrick-Led Nuclear Fuel Company Targets $356M IPO

By Jade Martinez-Pogue

Standard Nuclear, which makes fuel for small modular reactors across the U.S., unveiled plans on Tuesday for an estimated $356 million initial public offering steered by Orrick Herrington & Sutcliffe LLP and Davis Polk & Wardwell LLP.

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GM, Drivers Tell 6th Circ. Opt-Outs Delaying $150M Settlement

By Susan Smiley

General Motors and class members who secured a $150 million settlement in a class action over alleged fire risks in the Chevrolet Bolt on Tuesday asked the Sixth Circuit not to let a small group of drivers opt out of the deal — or hold it up in their attempts to do so.

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Cadillac Lyriq Drivers Plan To Move EV Defect Suit To Mich.

By Jonathan Capriel

Cadillac Lyriq owners from six states have dropped their proposed class action against General Motors that claims it sold luxury electric vehicles with defects that cause the SUV to become inoperable, with the counsel for the drivers saying they intend to move the case to Michigan.

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Feds Say Delay Undercuts Bid To Halt Mojave Mine Restart

By Crystal Owens

The U.S. Department of the Interior is fighting a bid by the National Parks Association to block a decision to renew gold mining within the Mojave National Preserve, telling a California district court that the group's delay in challenging the action undermines its effort to establish harm.

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Why SEC Climate Rule Rescission Wouldn't End Disclosure

If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

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Sealing The Deal

How Gibson Dunn Helped SpaceX Pull Off Its $75B Global IPO

By Al Barbarino

When SpaceX completed its record-breaking $75 billion initial public offering last month, the transaction was notable not only for its size — the largest IPO ever — but also for breaking new ground in how public offerings can be structured to reach retail investors around the world.

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CEO Cops To Conspiracy In BigLaw Insider Trading Case

By Sydney Price

A Dubai-based CEO and trader has pled guilty in Massachusetts federal court to charges that he worked with a former BigLaw associate and others to carry out a far-reaching insider trading scheme.

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Justices To Defend Court's Budget In Rare Hill Testimony

By Courtney Bublé

U.S. Supreme Court Justices Amy Coney Barrett and Elena Kagan will testify before House and Senate committees on July 14, marking the first time in seven years that a sitting justice has gone before lawmakers.

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Ex-DOJ Employees Tell Senate To Reject Blanche Nomination

By Emily Sawicki

Hundreds of former Justice Department employees and appointees urged the Senate in a Tuesday letter to reject the nomination of acting Attorney General Todd Blanche for the permanent role, particularly noting what they called Blanche's work toward politicizing the department.

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ChatGPT Edits Weren't 'Knowing' Errors, Conn. Justices Told

By Aaron Keller

A GLG Law LLC lawyer who blamed ChatGPT for misquotes and citation errors in three filings told the Connecticut Supreme Court on Tuesday he did not violate an ethics rule requiring candor to the tribunal because his briefs, though inaccurate, contained correct assertions about the law.

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Ogletree Co-Founder Deakins, 'Beacon Of Wisdom,' Dies At 90

By Emily Johnson

A co-founder of the global labor and employment juggernaut Ogletree Deakins Nash Smoak & Stewart PC died Monday after decades of helping shape the firm's values of honesty and transparency.

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McCarter Atty's Work 'Fell Short' In $20M Deals, Judge Told

By Brian Steele

McCarter & English LLP and one of its Connecticut attorneys failed to uphold the applicable standard of care when advising insurers on $20 million worth of loan transactions that ultimately fell apart because the borrower stopped paying, an expert witness told a Connecticut state court on Tuesday.

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House Dems Push To Ban Judges From Prediction Markets

By Emily Sawicki

Ranking members of the House Judiciary Committee on Tuesday called on the federal judiciary to ban judges from taking part in prediction markets amid growing concerns that court-related wagers could undermine judicial integrity.

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