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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Senior Lawyers Survey: Tell Us About Your Career

How are senior lawyers adapting to evolving career paths and emerging technologies? Share your perspective in this five-minute survey.

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Analysis

Attys 'Itching' To Join Congressional Probes Of Trump Admin

By Phillip Bantz

Efforts to recruit high-powered lawyers to Capitol Hill to potentially lead congressional committee probes into the various dealings of President Donald Trump's administration are gaining momentum as Democrats push to retake control of Congress in the quickly approaching midterm elections.

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Ex-DOJ Chief Lambastes 'Abuses Of Power' In Goldstein Case

By Jeff Overley

The U.S. Department of Justice constantly made false statements in its criminal case against famed appellate advocate Tom Goldstein, and his convictions must be erased because "prosecutorial misconduct pervaded every stage of the proceedings," a former DOJ prosecutor told the Fourth Circuit.

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Roundup

Taxation With Representation: Davis Polk, Latham, Sullivan

By Zak Kostro

In this week's Taxation With Representation, a group backed by Michael Dell's family office and Sequence Holdings acquires a majority interest in The Baldwin Group, May Mobility merges with a blank check company, and Infineon Technologies sells its memory chip business to Winbond Electronics.

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Ex-Wis. Judge Keeps License Amid ICE Conviction Appeal

By Ryan Boysen

The ex-Wisconsin judge convicted of obstructing an ICE arrest will remain an attorney in good standing while she appeals, after the Supreme Court of Wisconsin declined to suspend her law license.

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Richards Layton Litigator Selected For Chancery Seat In Del.

By Rose Krebs

A Richards Layton & Finger PA attorney has been nominated by Delaware Gov. Matt Meyer to serve on the bench of the nationally important Chancery Court, a venue that adjudicates some of the biggest corporate law cases.

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Judge Questions Whether 'Lawfare' Fund Fight Is Really Moot

By Jared Foretek

A Virginia federal judge seemed unlikely to toss a challenge to the Trump administration's nixed "Anti-Weaponization Fund" and tax audit immunity for the Trump family Friday, saying she worries the fund could be revived in a different form down the road.

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Chief US District Judge In SC To Take Senior Status Oct. 1

By Courtney Bublé

Chief U.S. District Judge Timothy Cain of the District of South Carolina has informed the president that he will be taking semiretired status on Oct. 1, according to an update posted Friday by the federal judiciary.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Starbucks settled a high-profile discrimination suit with Florida over its diversity, equity and inclusion policies, agreeing not to use race- or sex-based goals in hiring and promoting. And the SEC floated changing how publicly traded companies seek shareholder input, including promising to end one pathway for shareholders to place their proposals on corporate ballots. These are among the stories in corporate legal news you may have missed in the past week.

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Reed Smith Defends Docs Production In Ex-Atty's Bias Suit

By Jake Maher

Reed Smith LLP urged a New Jersey court on Thursday to reject an "impulsive" motion from a former attorney suing it for gender discrimination seeking to strike its answer and affirmative defenses.

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Law360's Legal Lions Of The Week

By Kevin Penton

Schemery Zicolello leads this week's edition of Law360 Legal Lions, after a Third Circuit panel ruled that police cannot conduct warrantless strip searches outside of jails or prisons absent consent or an emergency.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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