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Energy
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September 17, 2024
US Utility AES Sells 30% Stake In Ohio Unit For $546M
Power generation company AES Corp. said Tuesday that it has sold a 30% stake in its Ohio unit to Canadian investment group CDPQ for $546 million to help fund improvements to its infrastructure and meet a growing demand for data centers.
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September 17, 2024
Tribes Sue Over Oregon Offshore Wind Farm Leases
The Confederated Tribes of Coos, Lower Umpqua and Siuslaw Indians have hit the Bureau of Ocean Energy Management with a lawsuit over its approval of lease sales for offshore wind energy development along the southern Oregon coast, arguing that the environmental analysis was insufficient and fails to consider potential impacts on tribal resources, cultural sites and tourism development.
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September 17, 2024
Ex-Skadden Atty Joins Board Of Oil Property Co. LandBridge
Oil property acquirer LandBridge Co. has added a former Skadden Arps Slate Meagher & Flom LLP partner to its board, where the company hopes to benefit from her capital markets and corporate governance expertise.
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September 17, 2024
Conn. AG Balks At Avangrid's $2.55B Take-Private Deal
Connecticut Attorney General William Tong and Consumer Counsel Claire E. Coleman want the state's utility watchdog to probe a Spanish energy firm's $2.55 billion proposal to take a Constitution State-based utility private, citing fears about reduced regulatory oversight amid soaring electricity and gas prices.
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September 17, 2024
PSEG's GC To Retire As Utility Co. Lines Up Her Successor
The top attorney for Public Service Enterprise Group is retiring next year after more than three decades with the utility provider, the company announced Tuesday.
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September 17, 2024
Ex-GT Attorney Joins Jones Day's Real Estate Ranks
A real estate attorney with a background in digital infrastructure work is moving from Greenberg Traurig LLP to the Washington, D.C., office of Jones Day.
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September 16, 2024
EEOC Sues Utility Services Co. Over Remote Work Refusal
The U.S. Equal Employment Opportunity Commission filed a disability discrimination lawsuit against a utility services provider in Atlanta federal court Monday, claiming the company refused to let an employee work remotely after she had a stroke and a head injury and fired her weeks later.
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September 16, 2024
Icahn Enterprises Beats Investor Suit Over Dividend Program
Icahn Enterprises has beaten a proposed investor class action accusing it of propping up its stock price with unsustainably high dividends in order to support founder Carl Icahn's loans and financial interests, with a Florida federal judge saying the plaintiffs hadn't shown any misstatements the company made about the "true motivation" for its dividend program.
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September 16, 2024
Four Fla. Residents Charged In Insider Trading Scheme
A Miami-based financial consultant, his father and two friends were criminally charged with securities fraud violations in connection to an insider trading scheme after they used non-public information about a proposed merger to buy stocks, then sold them at a profit when the deal went through, according to federal prosecutors.
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September 16, 2024
Why A Tactic In The Youth Climate Change Battle Is Risky
Young people suing the federal government for sweeping changes to climate policy are trying a new tactic, filing a mandamus petition in the U.S. Supreme Court in an effort to get their case to trial. But some lawyers are worried the tactic may backfire, limiting the opportunity for others to use the courts to wage climate battles, experts told Law360.
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September 16, 2024
Biden Methane Rule Is Gov't Overstep, ND Judge Rules
The Biden administration can't enforce a rule aimed at curbing methane gas emissions from federally held oil and gas leases in a coalition of Republican-led states led by North Dakota after a federal judge found the states had sufficiently shown the government may have overstepped its authority.
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September 16, 2024
Natural Gas Co. BKV To Raise Up To $315M In IPO
Natural gas producer BKV Corp. said Monday that it plans to raise up to $315 million as part of its initial public offering in New York.
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September 16, 2024
Seladore Opens Milan Office Led By BonelliErede Hire
Disputes boutique Seladore Legal has opened an office in Milan led by a partner from BonelliErede that will focus on international arbitration for multinational companies as well as high-net-worth individuals.
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September 13, 2024
The 2024 Regional Powerhouses
The law firms on Law360's list of 2024 Regional Powerhouses reflected the local peculiarities of their states while often representing clients in deals and cases that captured national attention.
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September 13, 2024
Exxon Owes $816M For Man's Cancer After Judge Ups Verdict
Exxon Mobil Corp. is on the hook for $816 million to a New York service station mechanic who blames the oil giant for his leukemia diagnosis, after a Philadelphia judge upheld a jury's verdict and added delay damages.
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September 13, 2024
Investors Greenlight Carbon Credit Co.'s $213M SPAC Merger
The special purpose acquisition company merger taking Canadian carbon-credit manager DevvStream public at an estimated valuation of $212.8 million has received approval from investors of both sides, the companies announced Friday.
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September 13, 2024
EU Actors Lobby Hard For Top Jobs in New Commission
European Union lawmakers and national governments are lobbying intensely to pull top jobs and policy their way as the new European Commission is formed for the next five years.
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September 13, 2024
SEC Inks $100M Deal With FirstEnergy, Sues Ex-CEO
The U.S. Securities and Exchange Commission reached a $100 million settlement with FirstEnergy Corp. over its role in a $60 million corruption scandal Thursday, the same day the agency sued a former executive who collected tens of millions of dollars in executive perks while the wrongdoing unfolded.
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September 13, 2024
9th Circ. Ruling Guts Religious Protections, Apaches Say
The U.S. Supreme Court should stop the federal government from handing over a sacred tribal site in Arizona's Tonto National Forest to a copper mining joint venture owned by Rio Tinto and BHP, the San Carlos Apache Tribe argued, saying that the decision could pose an "existential threat" to Native Americans.
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September 13, 2024
Trio Of BigLaw Mergers Expected To Drive More Deal Talks
After months of a relatively steady pace of law firm mergers and acquisitions, the trio of proposed BigLaw tie-ups announced in recent days will likely spur more firms toward entertaining similar deal talks, experts say. Here, Law360 offers a snapshot of the proposed deals.
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September 13, 2024
DC Circ. Gives EPA Chance To Review Good Neighbor Plan
The U.S. Environmental Protection Agency will have a chance to review its Good Neighbor Plan in-house before litigating it further, according to a D.C. Circuit ruling granting the agency's request to remand the rule, so it could respond to issues raised by the U.S. Supreme Court.
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September 13, 2024
Australia's Roc Oil Bids $186M For Swedish Rival Tethys
Australian oil and gas company Roc Oil said Friday that it has offered to buy Swedish oil exploration and production company Tethys Oil AB for approximately 1.9 billion Swedish krona ($186 million) in a deal guided by three law firms.
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September 13, 2024
Energy Biz Wants To Claw Back £3.8M From Waste Plant Deal
An energy business has sued the directors of a waste management company that it acquired for almost £40 million ($52 million), alleging that it overpaid for shares in the business because of a mistake that overstated the capacity and output of a food waste processing plant.
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September 13, 2024
HSF-Led National Grid To Sell Supply Unit To Gov't For £630M
National Grid PLC said Friday that it has agreed to sell its electricity supply system to the U.K. government for £630 million ($827 million), which will bring it into public ownership.
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September 13, 2024
Hungarian Amendment To Environment Law Shouldn't Fly
Hungarian proposals to exempt maritime and aviation fuel from an update of the European Union's energy tax directive for the next 20 years risk locking some sectors of the economy into fossil fuel dependency, a think tank has said.
Expert Analysis
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Litigation Inspiration: Attys Can Be Heroic Like Olympians
Although litigation won’t earn anyone an Olympic medal in Paris this summer, it can be worthy of the same lasting honor if attorneys exercise focused restraint — seeking both their clients’ interests and those of the court — instead of merely pursuing every advantage short of sanctionable conduct, says Bennett Rawicki at Hilgers Graben.
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A Deep Dive Into The Evolving World Of ESG Ratings
Attorneys at Mintz discuss the salience of environmental, social and governance ratings in corporate circles in recent years, and consider certain methodologies underlying their calculation for professionals, as well as issues concerning the ESG ratings and products themselves.
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Updated Federal Rules Can Improve Product Liability MDLs
The recent amendment of a federal evidence rule regarding expert testimony and the proposal of a civil rule on managing early discovery in multidistrict legislation hold great promise for promoting the uniform and efficient processes that high-stakes product liability cases particularly need, say Alan Klein and William Heaston at Duane Morris.
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Lean Into The 'Great Restoration' To Retain Legal Talent
As the “great resignation,” in which employees voluntarily left their jobs in droves, has largely dissipated, legal employers should now work toward the idea of a “great restoration,” adopting strategies to effectively hire, onboard and retain top legal talent, says Molly McGrath at Hiring & Empowering Solutions.
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Adopting 7 Principles May Improve Voluntary Carbon Markets
The Biden administration's recently issued joint policy statement on improving the integrity of voluntary carbon markets may help companies using carbon credits to offset their emissions withstand scrutiny by government agencies, the public and investors, say attorneys at Morgan Lewis.
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How Act 126 Will Jump-Start Lithium Production In Louisiana
Louisiana's recent passage of Act 126, which helps create a legal and regulatory framework for lithium brine production and direct lithium extraction in the state, should help bolster the U.S. supply of this key mineral, and contribute to increased energy independence for the nation, say Marjorie McKeithen and Justin Marocco at Jones Walker.
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Debate Over CFPB Definition Of Credit Is Just Beginning
The Consumer Financial Protection Bureau has recently worked to expand the meaning of credit, so anyone operating on the edges of the credit markets, or even those who assumed they were safely outside the scope of this regulatory perimeter, should pay close attention as legal challenges to broad interpretations of the definition unfold, says John Coleman at Orrick.
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An Insurance Coverage Checklist For PFAS Defendants
With PFAS liability exposures attracting increased media attention, now is a good time for companies that could be exposed to liability related to per- and polyfluoroalkyl substances to review existing and past insurance policies, and consider taking proactive steps to maximize their likelihood of coverage, say attorneys at Nossaman.
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Series
Fishing Makes Me A Better Lawyer
Atop the list of ways fishing makes me a better lawyer is the relief it offers from the chronic stress of a demanding caseload, but it has also improved my listening skills and patience, and has served as an exceptional setting for building earnest relationships, says Steven DeGeorge at Robinson Bradshaw.
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Best Practices For Responding To CBP's Solar Questionnaire
U.S. Customs and Border Protection's recently introduced questionnaire to solar importers imposes significant burdens, with the potential for supply chain disruptions and market consolidation, but taking certain steps can assist companies in navigating the new requirements, say Carl Valenstein and Katelyn Hilferty at Morgan Lewis.
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Opinion
It's Time To Defuse The Ticking Time Bomb Of US Landfills
After recent fires at landfills in Alabama and California sent toxic fumes into surrounding communities, it is clear that existing penalties for landfill mismanagement are insufficient — so policymakers must enact major changes to the way we dispose of solid waste, says Vineet Dubey at Custodio & Dubey.
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A Healthier Legal Industry Starts With Emotional Intelligence
The legal profession has long been plagued by high rates of mental health issues, in part due to attorneys’ early training and broader societal stereotypes — but developing one’s emotional intelligence is one way to foster positive change, collectively and individually, says attorney Esperanza Franco.
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To Make Your Legal Writing Clear, Emulate A Master Chef
To deliver clear and effective written advocacy, lawyers should follow the model of a fine dining chef — seasoning a foundation of pure facts with punchy descriptors, spicing it up with analogies, refining the recipe and trimming the fat — thus catering to a sophisticated audience of decision-makers, says Reuben Guttman at Guttman Buschner.
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EPA Heavy-Duty Vehicle GHG Rules Face Bumpy Road Ahead
The U.S. Environmental Protection Agency's new standards to reduce greenhouse gas emissions for owners and operators of heavy-duty vehicles are facing opposition from both states and the transportation industry, and their arguments will mirror two pending cases challenging the EPA's authority, says Grant Laizer at Adams and Reese.
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Circuit Judge Writes An Opinion, AI Helps: What Now?
Last week's Eleventh Circuit opinion in Snell v. United Specialty Insurance, notable for a concurrence outlining the use of artificial intelligence to evaluate a term's common meaning, is hopefully the first step toward developing a coherent basis for the judiciary's generative AI use, says David Zaslowsky at Baker McKenzie.