Category: Legal issues

Energy Future bankruptcy opens with battle over venue

Before Energy Future Holdings Corp. can start fighting junior creditors opposed to the company’s more-than $40 billion bankruptcy plan, the judge overseeing the case must pick the battleground.  More »

Texas power company files for bankruptcy

Tuesday’s filing in Delaware is the result of months of wrangling among creditors, owners and management, and represents the failure of a bet that natural-gas prices would rise enough to justify the $48 billion price.  More »

ETP demands $915 million from Enterprise

Energy Transfer Partners is asking a judge to award it $914.6 million for damages it suffered over an alleged joint venture with Houston-based Enterprise Products Partners that failed in 2011.  More »

Utility pleads not guilty in fatal pipeline blast

As survivors of the blast looked on, attorneys for California’s largest utility entered the plea in federal court in San Francisco to 12 felony violations of federal pipeline safety laws.  More »

Judge sets date for final chapter of BP oil spill trial

A federal court on Monday laid out a detailed schedule for the penalty phase of BP’s civil trial over the 2010 Gulf of Mexico oil spill, setting the first day of the key chapter in the trial for Jan. 20, 2015.  More »

Investors pursue class action in suit over BP’s pre-oil spill statements

BP and attorneys for BP shareholders argued in federal court Monday about whether more than 100 investors should be granted a class certification to pursue a securities lawsuit against the London oil company.  More »

Utility to be arraigned in fatal pipeline blast

Pacific Gas and Electric Co. officials are set to appear in court on Monday to face federal felony charges involving safety violations tied to a deadly 2010 natural gas pipeline explosion in the San Francisco Bay Area.  More »

Ex BP-employee settles US insider-trading charges

A former BP employee who was a coordinator during the 2010 oil spill in the Gulf of Mexico has agreed to settle federal charges of using confidential information on the seriousness of the spill to profit illegally from trading in BP stock.  More »

Judge allows Ohio fracking lawsuit to proceed

A couple who sued to try to stop gas drilling around a state-owned lake in eastern Ohio won an early victory in court.  More »

Feds fine oil company for failing to report production

The federal government is fining an Artesia oil man more than $700,000 for failing to submit reports on production on its federal leases in New Mexico.  More »

Anadarko ends long legal battle with multibillion-dollar settlement

Anadarko Petroleum said Thursday it has agreed to pay creditors and government officials $5.15 billion to settle a half-decade of legal battles over allegations that a subsidiary had improperly transferred environmental liabilities to a spin-off company nine years ago.  More »

Utility criminally charged in fatal pipeline blast

Pacific Gas and Electric Co. was charged on Tuesday with federal felony counts involving safety violations linked to a deadly 2010 natural gas pipeline explosion in the San Francisco Bay Area.  More »