L.M. Sixel writes about the economy and the workplace for the Houston Chronicle. She started her newspaper career at the Beaumont Enterprise. Before that, she earned a Bachelor's degree in sociology from the University of Wisconsin-Madison and a Master's degree in economic history from the London School of Economics.

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Houston man pleads guilty to role in ‘pump and dump’ stock scheme

A local businessman charged with conspiring to manipulate the market price and demand for shares of Chimera Energy Corp. pleaded guilty to conspiracy to commit wire fraud and promised to cooperate with prosecutors. Thomas Massey, who entered his plea Tuesday before U.S. District Judge Vanessa Gilmor ...

Judge throws out security fraud claims against Plains All American

A federal judge in Houston recently dismissed a securities fraud case against Plains All American Pipeline, the Houston-based oil and gas pipeline company, stemming from an oil spill in California that left a beach covered in crude oil. Chief U.S. District Judge Lee H. Rosenthal rejected the claims ...

Shell sues former head of security for threatening to reveal secrets

Crockett Oaks III, a former FBI agent who led the U.S. security operations of Shell Oil Co., was part of a selection committee that last year recommended the hiring of a 53-year-old man with a military background as a security adviser. But when the company directed the committee to find a younger, f ...

Anadarko lays off 60 after sale of Eagle Ford holdings

About 60 employees at Anadarko Petroleum Corp. were laid off Thursday after the company sold its assets in the Eagle Ford Shale, a large oil and natural gas field in South Texas. The employees primarily supported those assets, said Anadarko spokesman John Christiansen. Anadarko announced in January ...

Ex-Statoil executive agrees to temporary restraining order

A former executive of Statoil Gulf Services and his wife agreed to a temporary restraining order that prevents the pair from filing any patent applications that use trade secrets from Statoil. They also agreed not to claim ownership of inventions, discoveries or technological improvements developed ...

Ethos Offshore US filed for Chapter 7 bankruptcy after its board of directors concluded the subsea engineering and construction services company based in Houston is insolvent and unable to pay its bills. The filing Tuesday in federal bankruptcy court in Houston came one day after the board met in a ...

Mixed verdict in National Oilwell Varco, M-I Swaco noncompete case

    A Harris County jury on Monday delivered a mixed verdict in a contentious fight between two Houston energy services companies over trade secrets, confidentiality and a noncompete agreement. The case, which has stretched over more than two-years involved Jeff Russo, who signed a noncomp ...

CVR Energy settles SEC dispute

The Securities and Exchange Commission said Tuesday that it settled a case that alleged that the Sugar Land refiner company CVR Energy made inadequate disclosures in regulatory filings about fee arrangements with two investment banks that the company hired to ward off a hostile takeover bid. SCVR En ...

Former ERCOT lawyer joins Haynes and Boone energy practice

A  senior lawyer at the Electric Reliability Council of Texas has left the non-profit that manages the electric grid in Texas and joined the law firm Haynes and Boone. Jennifer Littlefield will work out of the Austin office of Haynes and Boone. Littlefield is part of the firm’s energy, power a ...

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