Category: Legal issues

Commentary: Any surprises in President Obama’s speech on climate?

It has now been more than a week since President Obama gave his much touted speech on climate change at Georgetown University.  Much of what he said was unsurprising. There were however, three notable moments.   More »

Steelmakers file U.S. trade case seeking duties on oil pipes

A group of oil-pipe makers led by United States Steel Corp. filed a U.S. trade complaint against competitors in nine nations, alleging goods from those countries were sold in the U.S. market below cost and, in some cases, benefited from government subsidies.  More »

Court rejects SEC rule on oil company payments

A federal judge handed the oil industry a big win on Tuesday, by tossing out a new financial disclosure rule that would require companies to reveal what they pay foreign governments in exchange for mineral rights.  More »

SEC probe targets cash flows in Linn Energy deal

Linn Energy disclosed Tuesday morning that it is the subject of an informal U.S. Securities and Exchange Commission inquiry related to the proposed merger of its former unit LinnCo LLC with Berry Petroleum Co.  More »

BP agrees to settle suits filed over tainted gas

BP has agreed to a $7 million settlement to resolve lawsuits filed last year after the oil giant recalled about 4.7 million gallons of tainted gasoline in four Midwestern states.  More »

How Chevron turned the tables in Ecuador

The lawyers who sued Chevron in Ecuador, winning that eye-popping judgment, have come under non-stop attack from the oil company. That aggressive strategy has worked wonders, putting Chevron’s opponents on the defensive and convincing many people that the Ecuador suit is a sham.  More »

Tepco’s shareholders decline to pursue GE for Fukushima claims

Tokyo Electric Power Co. (9501) shareholders rejected a proposal to look into pursuing claims for compensation against companies that supplied parts for the crippled Fukushima nuclear plant, including General Electric Co.  More »

44 property owners at sinkhole accept settlements

Nearly half of a group of residents evacuated because of an Assumption Parish sinkhole have accepted buyout offers from Texas Brine Co.  More »

BP calls for independent probe of claims lawyer

BP is calling for an independent investigation into a lawyer working for the administrator reviewing claims arising from the Gulf oil spill who has been accused of collecting portions of settlement payments from a New Orleans law firm to which he had once referred claims.  More »

New indictments issued in Gulf oil spill case

A federal grand jury issued a new indictment Wednesday against a former BP executive that charges him anew with obstruction of Congress in connection with the investigation of the 2010 Gulf of Mexico oil spill. Also, a new indictment was issued against a former BP engineer.  More »

Oil staying above $96 ahead of US factory data

Oil prices were up slightly Friday as traders awaited the release of industrial production data from the U.S. later in the day.  More »

State, feds file complaint over Arkansas oil spill

State and federal prosecutors in Arkansas are seeking civil penalties from ExxonMobil Pipeline Co. over the company’s oil spill in a central Arkansas neighborhood.  More »