Category: Legal issues

Energy Future execs, directors paid $25.5M before bankruptcy

Court documents filed this week show Energy Future Holdings CEO John Young, directors and other executives collected a combined $25.5 million in compensation in the year before the Dallas power generator filed for bankruptcy.  More »

Cheniere won’t ask for billions in stock awards

Facing a shareholder lawsuit over “excessive” executive paydays, Cheniere Energy told a Delaware court last week it won’t ask investors to approve $2.2 billion in stock awards to its top brass.  More »

Trial to start over Texas pipeline bomb attempt

A man charged with trying to blow up a Dallas-area natural gas pipeline corresponded with imprisoned Unabomber Ted Kaczynski before the 2012 blast.  More »

BP seeks return of millions in oil spill damage payments

BP want back millions of dollars in oil spill claims payments it says were “erroneous.”  More »

Supreme Court curbs shareholder class-action suits with Halliburton case

A Supreme Court ruling Monday will make it easier for Halliburton to fight a lawsuit brought by investors who allege the company misled them.  More »

Oil companies sued for MTBE pollution in Pennsylvania

The companies’ conduct was “wanton, malicious, oppressive and fraudulent,” the lawsuit said, and they “fraudulently, deceptively and unfairly” marketed MTBE as safe for the environment.  More »

Breaking Bad meets Fargo in underbelly of shale boom

Along with oil prosperity in North Dakota has come a spasm of crime unlike any before on the prairie. Where farmers once sealed deals with a handshake, authorities now contend with drug gangs, meth labs, and violent crimes.  More »

Lawyer joins Tudor, Pickering, Holt as director, general counsel

Paul Perea, moving to Tudor, Pickering, Holt & Co. from Baker Botts, is the first to hold the title of general counsel at TPH.  More »

Cheniere: Revoking high executive payout would be detrimental to company

Cheniere Energy and its executives asked a Delaware court late Monday to throw out a shareholder lawsuit that challenged $1.7 billion in stock awards, including most of CEO Charif Souki’s pay last year.  More »

Feds want time to decide on retrial for former BP engineer

Prosecutors said Tuesday that deciding whether to appeal Duval’s order will take time and will require involvement of top Justice Department officials.  More »

Cheniere may not have an easy road on compensation lawsuit

Cheniere Energy may face a tough fight al battle over $1.6 billion in compensation investors claim in a lawsuit should be returned.  More »

Date set for BP investors’ trial over spill losses

BP Plc investors claiming as much as $2.5 billion in market losses caused by company misrepresentations about the severity of the 2010 oil spill will make their case to a jury next May 18, a judge ruled today.  More »
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