Category: Legal issues

BP asks Texas judge to dismiss UK suits

Attorneys for BP asked a federal judge on Friday to dismiss UK investors seeking damages in Texas for the Deepwater Horizon disaster.  More »

Case shows perils of standard language in non-binding deals

A lawsuit over a pipeline dispute could affect how companies draw up documents for preliminary partnership agreements.  More »

Cheniere defends $1.77B in stock awards

Cheniere Energy wants a Delaware court to validate $1.77 billion in restricted stock awards to top brass and employees in the face of a shareholder lawsuit that alleges investors never approved the grants.  More »

U.S. Imposes duties on steel pipe imports from South Korea

he U.S. Commerce Department set duties from 9.89 percent to 15.75 percent on Korean pipe, which is used in oil drilling, according to a fact sheet released today by the agency. Last year, pipe worth $818 million was exported to the U.S. from South Korea.  More »

Oil slips closer to $103 as supply fears recede

Oil has been falling steadily since it hit a 10-month closing high of $107.26 on June 20 as the Iraqi government has slowly re-established stability.  More »

Drillers: BP can’t escape liabilities by blaming feds for moratorium

Plaintiffs’ attorneys say BP can’t dismiss lawsuits from drillers and oil-field service companies by arguing it was the federal government’s fault they lost money during the Gulf of Mexico drilling moratorium in 2010.  More »

Lawsuit aims to block US-approved Nevada drilling

The Bureau of Land Management concluded in an environmental analysis in February that energy exploration resulting from the sale of the leases would have little or no impact across about 270 square miles of central Nevada’s Lander, Nye and Esmeralda counties.  More »

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 »
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