Project Finance

  • February 12, 2024

    Energy Group Of The Year: Latham & Watkins

    Latham & Watkins LLP attorneys advised Magellan Midstream Partners LP on the largest U.S. energy M&A deal of the year, coming in at $18.8 billion, and were also involved in seeing through four of five industry initial public offerings finalized last year, earning the firm a place among Law360's 2023 Energy Groups of the Year.

  • February 12, 2024

    Like 'Fiction': 3 Netted In FirstEnergy Plant Bailout Scandal

    Two former FirstEnergy Corp. executives and the onetime chair of Ohio's utility regulator allegedly stole money from the company as they helped carry out the massive bribery scheme behind a controversial $1.3 billion bailout for two nuclear energy plants, according to an indictment one prosecutor on Monday said read like fiction.

  • February 12, 2024

    Martin Marietta Paying $2B For Blue Water Raw Materials Ops

    Cravath-advised building materials supplier Martin Marietta Materials Inc. said Monday it has agreed to buy 20 active aggregate operations across five states from Blue Water Industries LLC, represented by Wachtell Lipton, for $2.05 billion in cash. 

  • February 12, 2024

    Diamondback Buying Endeavor In $26B Permian Megamerger

    Diamondback Energy Inc. said Monday it has agreed to buy Endeavor Energy Resources LP in a cash-and-stock deal valued at approximately $26 billion, inclusive of Endeavor's net debt, to create the premier independent operator in the Permian Basin.

  • February 09, 2024

    SunZia Line Developer To Argue Against DOI Injunction Bid

    The developer of the proposed SunZia Southwest Transmission Project can intervene in litigation seeking to halt construction of its 550-mile powerline, a federal district court ruled, saying that disposing of the motion may impair the company's ability to protect its interests.

  • February 09, 2024

    Industry Groups Call For Wider Effort To Stop Houthi Attacks

    More than 100 industry groups are calling for more governments to support military efforts to stop attacks on commercial vessels in the Red Sea by Yemen's Houthi rebels, which they said have disrupted at least $80 billion in cargo in recent months.

  • February 09, 2024

    2nd Circ. Revives Investors' Mexican Bond-Rigging Claims

    The Second Circuit on Friday reinstated U.S. investor claims accusing major banks of a yearslong collusion to rig Mexican government bond prices, saying a New York district court wrongly found it didn't have jurisdiction over the matter.

  • February 09, 2024

    DOI Accused Of Delaying Coal Mine Enviromental Review

    Signal Peak Energy has slapped the U.S. Department of the Interior with a complaint in D.C. federal court accusing the agency of unlawfully delaying an environmental impact statement needed for the approval of its expansion of the Bull Mountains coal mine in Montana.

  • February 09, 2024

    Apache Investors Get Class Cert. In Suit Over Natural Gas Play

    A group of Apache Corp. investors received class certification in their suit against the Houston oil and gas company on Friday, with a Texas magistrate judge saying there's enough evidence the company misrepresented a specific natural gas play to go forward with a lawsuit.

  • February 09, 2024

    21 GOP States Back High Court Petition On Ending FCC Subsidy

    Officials from 21 Republican-led states are urging the U.S. Supreme Court to torpedo the Federal Communications Commission's system for subsidizing rural telecom and phone services, calling on the justices to grant a request from a free market group to take up its challenge to the FCC's fee structure.

  • February 09, 2024

    FERC Gets Full-Time Chair, But Another Exit Fuels Uncertainty

    President Joe Biden on Friday formally removed the "acting" designation from Federal Energy Regulatory Commission Chair Willie Phillips, the same day fellow Commissioner Allison Clements confirmed she won't seek another term, which could potentially leave FERC without enough members to fully function.

  • February 09, 2024

    Ore. Dam Can Be Reviewed In 5 Years, Judge Says

    An Oregon federal district court judge handed down a five-year pause on a decades-old lawsuit over the Columbia River System dams' hydropower practices, saying a stay best serves the orderly course of justice in litigation that's rife with complex issues.

  • February 09, 2024

    Feds Ask 9th Circ. To Pull Plug On Ore. Kids' Climate Case

    The federal government is urging the Ninth Circuit to overturn an Oregon federal judge's decision to greenlight a trial for a lawsuit filed by young plaintiffs who say current energy policies harm their future by exacerbating climate change.

  • February 09, 2024

    NH Wood-Fired Power Plant Hits Ch. 11 With $173M Of Debt

    A biofuel-powered generation plant in New Hampshire filed for Chapter 11 protection Friday in Delaware after a dispute with the purchaser of its power cut off significant revenue flows, leaving it unable to service about $173 million in secured debt.

  • February 09, 2024

    Off The Bench: NCAA NIL Rule Lives; Dartmouth Players Win

    In this week's Off The Bench, a Tennessee judge sends mixed signals to the NCAA in the fight over its NIL recruiting ban, Dartmouth's basketball players tally a win for college athletes' unionization efforts, and DraftKings tries to stop rival Fanatics from benefiting from a former executive who switched sides. If you were on the sidelines over the past week, Law360 is here to clue you in on the biggest sports and betting stories that had our readers talking.

  • February 08, 2024

    Manchin Says Biden Admin Mishandled LNG Pause

    Sen. Joe Manchin expressed his dismay at the Biden administration's late-January announcement to pause liquified natural gas export permit approvals, telling David Turk, the deputy secretary of energy, in a hearing on Thursday that the administration should have turned to the Senate for discussion before making the decision.

  • February 08, 2024

    Senate Committee Advances FAA Reauthorization Bill

    A U.S. Senate panel on Thursday advanced multiyear legislation reauthorizing the Federal Aviation Administration's safety and airport improvement programs, while also dedicating resources to hiring more air traffic controllers and inspectors, enhancing passenger protections, and integrating more drones and so-called air taxis.

  • February 08, 2024

    NJ, Ft. Lee Mayor Fail To Merge NY Congestion Pricing Suits

    A federal judge on Thursday rejected a bid to consolidate two lawsuits — one filed by New Jersey, the other by the mayor of a Garden State town — seeking to halt New York City's congestion pricing toll plan, ruling that the suits make similar claims but seek different remedies.

  • February 08, 2024

    New Eagle Rule Aims To Expand Clean Power, Protect Birds

    Federal wildlife regulators on Thursday put out streamlined permitting for wind farms, power lines and other projects that unintentionally kill, injure and disturb bald and golden eagles, a move welcomed by clean power and conservation groups.

  • February 08, 2024

    Leveraged Finance Partner Duo Joins DLA Piper In NY

    DLA Piper announced that it hired a pair of experienced New York-based attorneys from Shearman & Sterling LLP as partners in its leveraged finance practice group.

  • February 08, 2024

    Eversheds Partner Talks 1st Renewable Energy Super Bowl

    With the National Football League on the precipice of hosting the first 100% renewable energy-powered Super Bowl in history, Baird Fogel, partner and head of the global sports practice at Eversheds Sutherland — and the man behind the host stadium's energy deal — said this is just the beginning.

  • February 07, 2024

    SEC Inks Deal To End Oppenheimer Muni Bond Disclosure Case

    The U.S. Securities and Exchange Commission has reached a settlement with Oppenheimer & Co., putting to rest a suit that was one of the commission's first-ever enforcement actions accusing underwriters of skirting municipal bond disclosure requirements, according to a letter filed Wednesday.

  • February 07, 2024

    Economic Benefits Of New Soot Rule Split EPA, Industry

    The U.S. Environmental Protection Agency is touting its tough new soot emissions standard as good for both public health and the economy, but some industry experts say they're worried about permitting "gridlock" as lower limits could make it difficult for projects like new power plants to proceed.

  • February 07, 2024

    6th Circ. Won't Rehear Fight Over FERC's Price-Cap Rule

    The Sixth Circuit on Wednesday declined to rehear its December price cap ruling that power supplier groups said is being misconstrued by the Federal Energy Regulatory Commission to argue that the D.C. Circuit's ability to act on related litigation is limited.

  • February 07, 2024

    CoinDeal Fraud Promoters Ordered To Repay Profits

    An Illinois federal judge on Wednesday granted the U.S. Securities and Exchange Commission final judgment against two women it accused of advancing the CoinDeal investment fraud scheme, requiring them to disgorge more than $840,000 in restitution and fines.

Expert Analysis

  • Opinion

    Litigation Funding Disclosure Should Be Mandatory

    Author Photo

    Despite the Appellate Rules Committee's recent deferral of the issue of requiring third-party litigation funding disclosure, such a mandate is necessary to ensure the even-handed administration of justice across all cases, says David Levitt at Hinshaw.

  • Recalling USWNT's Legal PR Playbook Amid World Cup Bid

    Author Photo

    As the U.S. Women's National Soccer Team strives to take home another World Cup trophy, their 2022 pay equity settlement with the U.S. Soccer Federation serves as a good reminder that winning in the court of public opinion can be more powerful than a victory inside the courtroom, says Hector Valle at Vianovo.

  • 3 Service Provider Considerations For NTIA Broadband Fund

    Author Photo

    Internet service providers seeking funding through the National Telecommunications and Information Administration's broadband deployment program should begin in earnest identifying areas of interest for funding and challenges so that they are prepared to submit initial proposals before the December deadline, say ​​​​​​​attorneys at Davis Wright.

  • Assessing EPA's Potential Retreat On Title VI Enforcement

    Author Photo

    The U.S. Environmental Protection Agency's decision to close its Title VI investigation of Louisiana — rather than respond to the state's litigation challenge against it — raises questions about the efficacy of the agency's plans to use Title VI in support of its environmental justice initiatives, say Susan Richardson and Jeffrey Davidson at Kilpatrick Townsend.

  • High Court's Tribal Water Rights Ruling Steadies The Boat

    Author Photo

    The U.S. Supreme Court's recent ruling in Arizona v. Navajo Nation — concerning the federal government's obligations to help secure tribal access to water — overturns a Ninth Circuit decision that could have undermined existing state adjudication processes and unleashed a wave of tribal water rights claims, say attorneys at Perkins Coie.

  • Perspectives

    Mallory Gives Plaintiffs A Better Shot At Justice

    Author Photo

    Critics of the U.S. Supreme Court's recent decision in Mallory v. Norfolk Southern claim it opens the door to litigation tourism, but the ruling simply gives plaintiffs more options — enabling them to seek justice against major corporations in the best possible court, say Rayna Kessler and Ethan Seidenberg at Robins Kaplan.

  • FERC Order Affirms Increased Scrutiny Of Investor-Utility Ties

    Author Photo

    A recent Federal Energy Regulatory Commission order confirming more aggressive scrutiny of investors' exercise of control over public utilities through representation on their boards or the boards of companies holding interests in them means that both investors and utilities face significantly heightened compliance obligations, say attorneys at Akin.

  • Courts Can Overturn Deficient State Regulations, Too

    Author Photo

    While suits challenging federal regulations have become commonplace, such cases against state agencies are virtually nonexistent, but many states have provisions that allow litigants to bring suit for regulations with inadequate cost-benefit analyses, says Reeve Bull at the Virginia Office of Regulatory Management.

  • Tales From The Trenches Of Remote Depositions

    Author Photo

    As practitioners continue to conduct depositions remotely in the post-pandemic world, these virtual environments are rife with opportunities for improper behavior such as witness coaching, scripted testimony and a general lack of civility — but there are methods to prevent and combat these behaviors, say Jennifer Gibbs and Bennett Moss at Zelle.

  • What Stands Out In Newly Enacted Texas Energy Laws

    Author Photo

    Attorneys at V&E discuss some of the most significant aspects of two recently signed Texas laws that comprise the second major attempt by the Legislature to shore up the state’s power sector, but whose true impacts will depend on how they are interpreted and implemented.

  • Sackett Ruling, 'Waters' Rule Fix Won't Dry Up Wetlands Suits

    Author Photo

    In the wake of the U.S. Supreme Court's recent ruling in Sackett v. U.S. Environmental Protection Agency narrowing the scope of Clean Water Act protections, the Biden administration is amending its rule defining "waters of the United States" — but the revised rule will inevitably face further court challenges, continuing the WOTUS legal saga indefinitely, say attorneys at Milbank.

  • Minn. Mine Denial Stresses Importance Of Tribal Partnerships

    Author Photo

    The Army Corps of Engineers' decision to revoke a suspended Clean Water Act permit for a proposed mine in Minnesota is a reminder that project developers need to take tribal authority and rights seriously and consider early and frequent consultation with tribes, say attorneys at K&L Gates.

  • Level Up Lawyers' Business Development With Gamification

    Author Photo

    With employee engagement at a 10-year low in the U.S., there are several gamification techniques marketing and business development teams at law firms can use to make generating new clients and matters more appealing to lawyers, says Heather McCullough at Society 54.

  • Texas Construction Statute Of Repose Leaves Open Questions

    Author Photo

    Texas' new significantly shorter statute of repose barring certain suits against construction contractors contains some ambiguous wording that will likely raise questions to be decided by courts, says Mason Hester at Munsch Hardt.

  • Mallory Ruling Leaves Personal Jurisdiction Deeply Unsettled

    Author Photo

    In Mallory v. Norfolk Southern Railway, a closely divided U.S. Supreme Court recently rolled back key aspects of its 2017 opinion in Daimler AG v. Bauman that limited personal jurisdiction, leaving as many questions for businesses as it answers, say John Cerreta and James Rotondo at Day Pitney.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Project Finance archive.
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?
Ask a question!