Category: Legal issues

Enron victims concerned by former CEO’s possible early prison release

“It’s stunning that somebody who robs a bank of a couple thousand dollars could end up spending more time (in prison) than someone like Jeff Skilling,”said Andrew Stoltmann, a Chicago-based securities attorney who represented 10 victims of the Enron scandal.  More »

TXU spared tax liability on $23 billion by IRS ruling

Energy Future Holdings Corp., the Texas power company taken private six years ago in the largest leveraged buyout, won’t have to pay a potential tax liability on $23 billion when transferring ownership of some of its units, according to a decision by the U.S. Internal Revenue Service.  More »

Lawyer enters not guilty plea for former BP engineer in Gulf spill case

A lawyer for a former BP engineer entered a not guilty plea on his behalf Wednesday to new accusations contained in a superseding indictment related to the Gulf of Mexico oil spill.  More »

Judge frees Cameron from liability in Gulf spill trial

The federal judge overseeing the civil trial over the 2010 Gulf of Mexico oil spill on Wednesday threw out remaining claims against blowout preventer maker Cameron and issued findings that could have implications on the liability of other defendants in the case.  More »

La. man to be sentenced for plot to defraud BP

A federal judge is set to sentence a Covington businessman who pleaded guilty to fraudulently billing BP for roughly $1.4 million for use of a helicopter after the company’s massive 2010 oil spill in the Gulf of Mexico.  More »

Dolphin deaths still high after Gulf oil spill, environmentalists say

Dolphin deaths and sea turtle strandings in the waters affected by the 2010 Gulf of Mexico oil spill continue to occur at elevated rates nearly three years after the disaster, the National Wildlife Federation said in a new report Tuesday.  More »

Mishaps shouldn’t impede energy expansion, industry economist says

The recent oil pipeline rupture in Arkansas and other mishaps shouldn’t stand in the way of the Keystone XL pipeline, the American Petroleum Institute’s chief economist said Tuesday.  More »

Gulf spill claims administrator says BP complaint lacks merit

The claims administrator overseeing the multi-billion dollar settlement reached last year between BP and victims of the 2010 Gulf of Mexico oil spill says BP’s complaint that he is violating the terms of the deal should be thrown out because he has immunity from being sued and he is simply following court directives.  More »

Ex-BP engineer can skip Gulf spill arraignment

A former BP engineer from Katy, Texas has filed a notice of his intent to plead not guilty to new accusations contained in a superseding indictment related to the Gulf of Mexico oil spill, and a judge has granted him permission not to show up at his scheduled arraignment this week.  More »

Three years after Gulf spill, BP faces big week in court

BP faces legal challenges on multiple fronts that intersect this week in federal court. Big bucks and reputations are on the line and investors will be watching.  More »

Texas man faces sentencing in biodiesel scam

A West Texas businessman who pleaded guilty to federal fraud and money laundering charges stemming from a $42 million biodiesel scam is scheduled to be sentenced Friday.  More »

Testimony ends in marathon gasoline additive trial

Testimony has ended in a marathon trial over whether Exxon Mobil Corp. should pay the state of New Hampshire hundreds of millions of dollars to monitor and treat private wells and public drinking supplies contaminated by the gasoline additive MTBE.  More »