Oil and gas dealmakers are cautiously optimistic they can ride out any immediate energy market volatility caused by the U.S. and Israel-Iran war, but the potential for disrupted transactions will grow if the conflict drags on, or continues to provoke Middle East neighbors.
Law360
Energy
WEDNESDAY, MARCH 4, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Analysis

Iran War Has Oil & Gas Dealmakers Holding Their Breath

By Keith Goldberg

Oil and gas dealmakers are cautiously optimistic they can ride out any immediate energy market volatility caused by the U.S. and Israel-Iran war, but the potential for disrupted transactions will grow if the conflict drags on, or continues to provoke Middle East neighbors.

Read full article » | Save to favorites »

Jury Awards $34M In 16th PacifiCorp Wildfire Trial

By Cara Salvatore

An Oregon jury awarded $34 million in noneconomic damages Tuesday in the 16th damages trial against PacifiCorp over the state's Labor Day 2020 fires.

Read full article » | Save to favorites »

NY Judge Affirms Venture Global's Win Over Shell

By Caroline Simson

Shell has failed in its bid to overturn an arbitral award siding with liquefied natural gas producer Venture Global in a dispute over sales from one of its Louisiana facilities, after a New York state judge ruled Monday that the tribunal had already rejected allegations that it was misled.

Order attached | Read full article » | Save to favorites »

Gov't Goes After $19M In Biofuel Tax Credit Fraud Case

By Kevin Pinner

A businessman who owes more than $19 million to a company subject to forfeiture over its involvement in a $511 million biofuel tax credit fraud must hand over the money to the federal government now that a catfishing scheme targeting him is resolved, the government told a Utah federal court.

Motion attached | Read full article » | Save to favorites »

Split 9th Circ. Tells EPA To Review Cadmium's Species Impact

By Lauren Berg

The U.S. Environmental Protection Agency must analyze how its revised water quality standards for cadmium would affect endangered species, a split Ninth Circuit ruled Tuesday, upholding a conservation organization's victory in a lawsuit over the agency's guidance tripling the levels of the heavy metal allowed in U.S. waters.

Opinion attached | Read full article » | Save to favorites »

Crystallex $15M Fee Request Justified, Special Master Says

By Caroline Simson

A lawyer for the special master overseeing the auction of Citgo to satisfy billions of dollars' worth of Venezuelan debt has defended his request for more than $15.3 million in fees on top of nearly $63 million already paid, saying the request follows an "extraordinarily complex" sale process.

Letter attached | Read full article » | Save to favorites »

OIL AND GAS

Gas Wholesaler Says QuikTrip Torpedoed $3.6M Property Deal

By Kelcey Caulder

A petroleum wholesaler slapped gas station chain QuikTrip with a lawsuit in Georgia federal court Tuesday, saying QuikTrip wrongly asserted a right to purchase a $3.6 million property in metro Atlanta to block the wholesaler from acquiring it to develop a new filling station.

Complaint attached | Read full article » | Save to favorites »

Brief

Widow Sues Pipeline Jobsite Operators Over Fatal Explosion

By Spencer Brewer

The widow of a man who died during a pipeline explosion sued OxyRock Operating LLC and Rock Fish Operating LLC in Texas state court, alleging the jobsite operators' negligence caused the accident.

Complaint attached | Read full article » | Save to favorites »

UTILITIES AND POWER

5th Circ. Unsure Grid Hookup Request Cap Hurts States

By Spencer Brewer

A Fifth Circuit panel appeared skeptical that Louisiana and Mississippi utility regulators deserve an exemption from the cap on the number of electricity generation projects in a regional grid operator's interconnection request queue, asking Tuesday if any state had previously enjoyed a waiver.

Read full article » | Save to favorites »

Trump Plan To Reopen Coal Plant Is Illegal, Wash. AG Says

By Ben Adlin

Washington state's attorney general and five environmental watchdogs are challenging the Trump administration's effort to reopen a decommissioned coal power plant in Chehalis, Washington, arguing that the U.S. Department of Energy lacks the authority to force the plant back into operation.

3 documents attached | Read full article » | Save to favorites »

SCANA Investors' $34M Deal, Atty Fees Get Final OK

By Emilie Ruscoe

Consulting giant Deloitte and investors in utility company SCANA Corp. have gotten a final nod for their $34 million settlement of proposed class action claims that Deloitte gave cover to SCANA as it hid delays and cost overruns for a $9 billion nuclear energy expansion project it eventually abandoned.

2 documents attached | Read full article » | Save to favorites »

Brief

Hawaiian Electric Investors Get First OK Of $48M Wildfire Deal

By Sydney Price

Hawaiian Electric Industries Inc. and its investors have received initial approval of their nearly $48 million deal settling a California federal suit blaming it for the downturn in its stock price following a deadly 2023 fire on Maui.

Order attached | Read full article » | Save to favorites »

RENEWABLES

Eletson Says Ch. 11 Arrest Warrants Are 'Logical Next Step'

By Vince Sullivan

Reorganized shipping company Eletson Holdings Inc. has told a New York bankruptcy judge that arrest warrants for ex-officials of the company are an appropriate, incremental action in a months-long quest to obtain depositions from individuals facing court judgments.

Read full article » | Save to favorites »

NUCLEAR

DOE Contractor Pays $3.45M To Settle Time Card Fraud Case

By Elaine Briseño

A contractor paid the U.S. Department of Energy $3.45 million to settle a dispute over alleged time card fraud at the decommissioned Hanford nuclear site in Washington where workers took naps, watched movies and read while on the clock.

Settlement attached | Read full article » | Save to favorites »

ELECTRIC VEHICLES

EV Maker Lucid Investor Seeks Class Cert. In Production Suit

By Emilie Ruscoe

An investor in electric-vehicle maker Lucid Group Inc. is seeking certification of its proposed class in litigation alleging the company misled investors about how many cars it could make in 2022, hurting investors when it disclosed months later it was on track to make about a third of its earlier estimate.

Motion attached | Read full article » | Save to favorites »

MINING

4th Circ. Won't Revive Retired Miners' Health Fight

By Kellie Mejdrich

The Fourth Circuit refused Tuesday to reopen a dispute over lifetime retirement health and life insurance benefits from a proposed class of retired coal miners, keeping in place a West Virginia federal court's judgment that broadly favored the company following a seven-day bench trial.

Opinion attached | Read full article » | Save to favorites »

PEOPLE

King & Spalding Adds 3 More Attys From Winston & Strawn

By Rose Krebs

King & Spalding LLP announced Tuesday that it is continuing to expand in Dallas by adding three more attorneys from Winston & Strawn LLP.

Read full article » | Save to favorites »

EXPERT ANALYSIS

11th Circ. NextEra Ruling Broadens Loss Causation Standard

The Eleventh Circuit's recent Jastram v. NextEra Energy decision significantly expands the loss causation standard at the motion-to-dismiss stage and may lead to suits predicated on more tenuous connections between company disclosures and alleged misstatements, say attorneys at Sidley.

Opinion attached | Read full article » | Save to favorites »

Aligning Microsoft Tools With NYC Bar AI Recording Guidance

The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.

Read full article » | Save to favorites »

LEGAL INDUSTRY

DOJ Nixes Plan To Drop Law Firm EO Appeals In About-Face

By Emma Cueto

A day after informing the D.C. Circuit that it would no longer seek to defend the executive orders issued by President Donald Trump against four law firms, the U.S. Department of Justice reversed course Tuesday, requesting permission to withdraw its motion to voluntarily dismiss the appeals.

Motion attached | Read full article » | Save to favorites »

Goldman's Departing CLO, Gates Asked To Testify On Epstein

By Lauren Berg

The House Oversight Committee on Tuesday asked outgoing Goldman Sachs Chief Legal Officer Kathryn Ruemmler, Microsoft founder Bill Gates, Apollo Global Management co-founder Leon Black and others to testify about their connections to child sex offender Jeffrey Epstein.

7 documents attached | Read full article » | Save to favorites »

Early Publicity Could Poison DOJ's Criminal Cases, Attys Say

By Phillip Bantz

The U.S. Department of Justice under President Donald Trump has shrugged off long-standing prosecutorial policies against publicizing criminal probes in their early stages and disparaging the targets, an "unusual" and "troubling" development that threatens the integrity of investigations, grand jury proceedings and the right to a fair trial, experts tell Law360.

Read full article » | Save to favorites »

Skadden Hit With Sanctions Over 'Vexatious' Gaming Suit

By Ivan Moreno

A Manhattan federal judge has sanctioned Papaya Gaming and its attorneys from Skadden for what the court said was a "blatant" attempt to relitigate claims in Virginia that had already been dismissed in a false advertising dispute in New York with Skillz Platform, one of its competitors.

Opinion attached | Read full article » | Save to favorites »

NY Judicial Watchdog Says Complaints Break Record Again

By Andrea Keckley

New York's judicial watchdog has reported a record number of new complaints filed against judges for the fourth year in a row in 2025.

Report attached | Read full article » | Save to favorites »

Day Pitney Faces DQ Bid Over Ex-Justice's Role In $1.3M Case

By Aaron Keller

Day Pitney LLP should be sidelined from a $1.3 million private equity management company's windup lawsuit because former Connecticut Supreme Court Chief Justice Richard A. Robinson, now a partner at the firm, heard the case before it was earmarked for a new trial, three company owners have argued.

1 document attached | Read full article » | Save to favorites »

New Whistleblower Program Adds 'Bit More Stick,' DOJ Says

By Bryan Koenig

The U.S. Department of Justice Antitrust Division's new whistleblower rewards program partnership with the U.S. Postal Service doesn't displace the leniency program by which companies disclose potential price-fixing and other antitrust violations, a DOJ official said Tuesday in Washington, D.C., but it is an important complement.

Read full article » | Save to favorites »

DOJ Turns To 2nd Circ. In Bid To Revive James Subpoenas

By Emily Sawicki

The U.S. Department of Justice is urging the Second Circuit to revive an investigation into New York Attorney General Letitia James launched by a federal prosecutor later found to have been serving unlawfully, arguing the acting U.S. attorney for the Northern District of New York had been rightfully appointed when he launched the probe.

Brief attached | Read full article » | Save to favorites »

Monthly Merger Review Snapshot

By Matthew Perlman

The U.S. Department of Justice got its antitrust case against Live Nation and Ticketmaster teed up for trial, as a court continues mulling the department's settlement last year in a case challenging a deal by Hewlett Packard Enterprise, and lawmakers call for scrutiny of Paramount Skydance's blockbuster acquisition of Warner Bros. Discovery.

Read full article » | Save to favorites »

Meta Atty's Slip Reveals Social Media Trial Plaintiff's Identity

By Craig Clough

An attorney for Meta Platforms on Tuesday revealed the highly guarded full name of the plaintiff in a landmark bellwether trial accusing its Instagram platform and Google's YouTube of harming children's mental health, prompting the Los Angeles judge overseeing the case to strike it from the record and order everyone in the courtroom not to reveal it.

Read full article » | Save to favorites »

Promo that reads 2025 Practice Groups of the Year

COMPANIES IN TODAY'S NEWS

American Bar Association

Apollo Global Management LLC

Berkshire Hathaway Energy GT&S

CITGO Petroleum Corp.

Center for Biological Diversity Inc.

Core Natural Resources Inc.

Cox Communications Inc.

Crystallex International Corp

Deloitte Touche Tohmatsu Ltd.

Delta Air Lines Inc.

Downtown Music Holdings LLC

Duke University

Earthjustice

Elliott Investment Management LP

Environmental Defense Fund Inc.

Getty Images Holdings Inc.

Gold Reserve Inc

Google LLC

Grupo Aeromexico SAB de CV

Hanford Challenge

Hawaiian Electric Co. Inc.

Hawaiian Holdings Inc.

Hewlett Packard Enterprise Co.

Instagram Inc.

International Brotherhood of Electrical Workers

JUUL Labs Inc.

Juniper Networks Inc.

LinkedIn Corp.

Live Nation Entertainment Inc.

Meta Platforms Inc.

MiMedx Group Inc.

Microsoft Corp.

Midcontinent Independent System Operator Inc.

National Association of Criminal Defense Lawyers

National Rifle Association of America

Netflix Inc.

New York City Bar Association

NextEra Energy Inc.

Norfolk Southern Corp.

OpenAI OpCo LLC

PacifiCorp

Progress Rail Services Corp.

Puget Sound Energy Inc.

Qorvo Inc.

QuikTrip Corp.

SCANA Corp.

Shutterstock Inc.

Sierra Club

Skydance Media LLC

Snap Inc.

The Energy Coalition

The Goldman Sachs Group Inc.

The Interpublic Group of Cos. Inc.

TikTok Inc.

TransAlta Corporation

U.S. Anesthesia Partners

United Airlines Holdings Inc.

Universal Music Group NV

Venture Global LNG

Walmart Inc.

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

YouTube Inc.

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Baker Botts

Beasley Allen

Blank Rome

Burns Charest

Cesar Ornelas

Clement & Murphy

Cohen Milstein

Cooley LLP

Covington & Burling

Curtis Mallet-Prevost

Day Pitney

Debevoise & Plimpton

Eimer Stahl

Fish & Richardson

Gibson Dunn

Goulston & Storrs

Heyman Enerio

Hueston Hennigan

Jenner & Block

Jones Day

Kessler Topaz

Kiesel Law

King & Spalding

Lanier Law Firm

Latham & Watkins

Lauro & Singer

Law Offices of Garrett S. Flynn

Leach & Walker

Levi & Korsinsky

Lippes Mathias

Mehri & Skalet

Michael Best & Friedrich

Milbank LLP

Moore & Van Allen

Morgan Lewis

Morris Nichols

Munger Tolles

Nelson Mullins

Norton Rose

Panish Shea

Paul Weiss

Perkins Coie

Petsonk PLLC

Pomerantz LLP

Potter Anderson

Quinn Emanuel

Redgrave LLP

Richards Layton

Rottenstreich Farley

Scott & Corley

Sidley Austin

Skadden Arps

Smith & Lowney

Stoel Rives

Stone Pigman

Susman Godfrey

Tinkler Law

UB Greensfelder

Vinson & Elkins

Wagstaff & Cartmell

Weil Gotshal

Williams & Connolly

WilmerHale

Wilson Sonsini

Winston & Strawn

Womble Bond

GOVERNMENT AGENCIES IN TODAY'S NEWS

Administrative Council for Economic Defense (CADE)

California Public Utilities Commission

Competition and Markets Authority

European Commission

Executive Office of the President

Federal Bureau of Investigation

Federal Communications Commission

Federal Election Commission

Federal Energy Regulatory Commission

Federal Trade Commission

Fish and Wildlife Service

Hanford Mission Integration Solutions LLC

Homeland Security Investigations

International Chamber of Commerce

Louisiana Public Service Commission

Mississippi Public Service Commission

National Marine Fisheries Service

New York Attorney General's Office

New York State Commission on Judicial Conduct

New York Supreme Court, New York County

Ofcom

Surface Transportation Board

U.S. Attorney's Office for the District of Utah

U.S. Attorney's Office for the Eastern District of Washington

U.S. Attorney's Office for the Northern District of New York

U.S. Bankruptcy Court for the Southern District of New York

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Energy

U.S. Department of Justice

U.S. Department of Transportation

U.S. Department of the Treasury

U.S. District Court for the Central District of California

U.S. District Court for the District of Delaware

U.S. District Court for the District of New Mexico

U.S. District Court for the District of Oregon

U.S. District Court for the District of South Carolina

U.S. District Court for the Eastern District of New York

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Georgia

U.S. District Court for the Northern District of New York

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Washington

U.S. Environmental Protection Agency

U.S. Immigration and Customs Enforcement

U.S. Navy

U.S. Postal Service

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Utah

United States District Court for the Eastern District of Washington

Washington Attorney General's Office