Category: Legal issues

Judge rejects creditors’ bid to send bankruptcy case to Texas

Energy Future Holdings Corp., the bankrupt Texas power provider, will restructure $40 billion in debt in a Delaware court, a federal judge ruled, rejecting a request by creditors to transfer the case to Dallas, where the company is based.  More »

BP asks appeals court to keep blocking payouts to businesses

BP asked a federal appeals court late Wednesday not to issue a mandate that could unravel a court order that has halted payments to businesses in its $9.2 billion oil spill settlement.  More »

BP investors win bid to form class in oil spill lawsuit

Some BP investors can form a class to sue the company over allegations it misled shareholders on how much oil spilled into the Gulf of Mexico in 2010, a federal judge ruled late Tuesday.  More »

BP will take Gulf spill settlement fight to Supreme Court

BP said Wednesday it will take the courtroom fight over its multibillion-dollar oil spill settlement to the Supreme Court.  More »

First Solar joins developers saying dumping probe flawed

First Solar Inc., one of the largest suppliers of photovoltaic panels to India, challenged in court the findings of a government probe that said U.S. and Asian suppliers dumped products in the local market.  More »

Supreme Court may be BP’s only recourse in oil spill fight, legal experts say

In the wake of a courtroom defeat this week, BP’s top brass is still mulling over whether to take the company’s legal fight over its multibillion-dollar oil spill settlement to the Supreme Court. But the high court likely will not take up the case even if the London oil company requests its judgment, legal experts said Tuesday.  More »

Houston company ordered to pay fired welder in discrimination suit

A Houston federal court jury awarded $3 million to an African-American welder who said he was fired after complaining of racial discrimination at National Oilwell Varco.  More »

US energy firms among alleged targets in China hacking charges

The United States has brought first-of-its kind cyber-espionage charges against five Chinese military officials accused of hacking into U.S. companies to gain trade secrets.  More »

In Exxon reptile win, scales of justice tip on gator genealogy

Exxon Mobil Corp. isn’t responsible for alligators overrunning a rural dump site it owns in Mississippi, the state supreme court ruled, because the global oil explorer can’t control wild animals.  More »

Energy Future sued by lenders’ trustee for $665 million

nergy Future isn’t entitled to a “windfall” from failing to pay the premium owed for early redemption of debt, CSC Trust Co. of Delaware, which represents most holders of a unit’s $3.5 billion in 10 percent senior secured notes, said in the lawsuit  More »

Former official: Mexico JVs may take longer than expected

A former top energy official for Mexico on Thursday said it may be too early for Pemex to promise to farm out land rights to private companies looking to develop massive energy resources that the state-run oil company is expected to acquire soon.  More »

Citigroup’s Mexican bank fires 11 in oil scandal

In February, Banamex said oil services company Oceanografia had used falsified invoices as collateral to obtain $585 million in loans.  More »