Category: Legal issues

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 »

Halliburton calls BP’s sanctions request a ‘sideshow’ in Gulf spill trial

Halliburton asked a federal judge Tuesday to throw out BP’s request for sanctions in the Gulf oil spill trial in a dispute over key evidence in the case, saying the cement contractor has not violated any court order.  More »

Hedge funds in Chesapeake bond fight seek to end intervention

Hedge funds holding $250 million in Chesapeake Energy Corp. debt asked a judge to withdraw from litigation between the company and bond trustee Bank of New York Mellon Corp. over redemption of bonds.  More »

Hackers hit energy companies more than others

A Houston network security company reports that electronic attacks hit a much higher percentage of its energy company customers than ones in other sectors.  More »

Judge sides with Wyoming in fracking chemical suit

A Wyoming judge has ruled against environmentalists who sought to make public the lists of ingredients that go into hydraulic fracturing fluids.  More »

Judges challenge SEC rule on foreign oil payments

A U.S. Securities and Exchange Commission rule requiring public companies engaged in oil, natural gas or mineral extraction to disclose payments to foreign governments was questioned by appeals court judges, who asked whether the regulation violates companies’ free speech.  More »

BP America chief to meet with workers to hear challenges they face

The new head of BP’s U.S. operations plans to visit employees to hear any challenges they face in their work as the British oil giant looks to overcome ongoing legal challenges and tries to grow its global portfolio following significant divestitures that were done to cover its Gulf oil spill liabilities.  More »

Alabama attorney general blasts BP for challenging Gulf oil spill claims

Alabama Attorney General Luther Strange is blasting British oil giant BP for challenging certain claims that could cost it billions of dollars as part of a class-action settlement the company agreed to last year with victims of the 2010 Gulf of Mexico oil spill.  More »

Pennsylvania judge orders records opened in fracking case

A Pennsylvania judge, handing a victory to local media and health groups, ordered documents unsealed in a settlement between gas-drillers and homeowners who accused the companies of contaminating their water.  More »

Tribe: Nevada coal plant falsified pollution data

Representatives of an Indian tribe fighting to force the closure of a coal-fired power plant outside Las Vegas said Wednesday they uncovered evidence that from 2006 to 2011, the state’s dominant electric utility submitted “phony” reports to the state about pollution levels near the plant, and avoided any penalty when the problem was discovered.  More »

NY appeals court to consider local fracking bans

A state appeals court was to hear two cases that pit the right of towns to control land use through zoning against the drilling industry and landowners who say state law trumps local authority when it comes to oil and gas development in New York.  More »

Gulf oil spill judge tosses claims against M-I Swaco, Cameron

A federal judge Wednesday threw out all claims against one of the companies that provided services to the ill-fated Macondo well project and tossed punitive damages claims against a second, but he refused to dismiss claims against the three main firms involved _ BP, Transocean and Halliburton.  More »

Steffy: Accountants warned that felonies are forever

As Helen Sharkey stepped to the lectern, it became clear what she was about to say would be no ordinary accounting lecture.  More »