Helen Christine Sharkey, left, a former member of Dynegy's risk control and deal structure groups, is escorted into the Federal Courthouse, Thursday, June 12, 2003, in Houston. Sharkey is one of three former Dynegy Inc. executives charged in a federal indictment unsealed Thursday with creating an Enronesque deal in 2001 used to wrongly boost cash flow and cut taxes to counteract Wall Street worries about the company's financial health. (AP Photo/David J. Phillip)

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.
Categories: Legal issues

Chesapeake faces April trial over $1.3 billion bond call

Chesapeake Energy Corp. (CHK) and Bank of New York Mellon Corp. are scheduled to face off at trial beginning April 23 over the gas producer’s disputed claim it met a deadline to redeem $1.3 billion in bonds early at par, or 100 cents on the dollar.
Categories: Legal issues
Oil gushes from BP's Macondo well in the Gulf of Mexico on July 12, 2010. (AP Photo/BP)

Halliburton official destroyed notes of cement test related to Gulf oil spill

A former Halliburton lab manager testified Tuesday that a company official asked him not to record results of a cement stability test related to the well in the 2010 Gulf oil spill disaster.
Patches of oil from the Deepwater Horizon spill are seen from an underwater vantage, in the Gulf of Mexico south of Venice, La. (Rich Matthews/AP)

Judge sets hearing for ‘fictitious claims’ in Gulf oil spill

A federal judge has scheduled a hearing next month on BP’s request to prevent payments on inflated or fictitious claims under a class-action settlement reached with victims of the 2010 Gulf of Mexico oil spill.
(Dave Martin/AP)

Inside the Gulf oil spill trial courtroom

See the latest witness-stand comments from Transocean CEO Steve Newman, as FuelFix reporter Harry Weber live tweets testimony in the Gulf oil spill.
Workboats operate near the Transocean Development Driller II at the site of the Deepwater Horizon incident in the Gulf of Mexico. (AP file photo/Dave Martin)

BP withheld data from rig crew in Gulf disaster, expert says

The crew on the rig that exploded in the Gulf of Mexico in 2010 was “trying to get it right,” a Transocean drilling expert testified Monday. But, he added, BP withheld critical information from them.
Mickal Vogt of Covington, La., uses a stick to place tar balls in a jar that washed up on the shore in Orange Beach, Ala., Saturday, June 12, 2010. Large amounts of the oil battered the Alabama coast, leaving deposits of the slick mess some 4-6 inches thick on the beach in some parts. (AP Photo/Dave Martin)

BP seeks injunction over Gulf oil spill settlement dispute

BP wants an injunction to prevent the administrator handling claims under a class-action settlement reached with victims of the 2010 Gulf of Mexico oil spill from paying inflated or fictitious claims that could cost the British oil giant billions of dollars.
Workers join sections of pipe on a Trinidad Drilling rig leased by Chesapeake Energy north of Douglas, Wyo. Photo: Alan Rogers / Copyright 2012 CASPER STAR-TRIBUNE

Chesapeake may still make early call without as much risk

Chesapeake Energy Corp. (CHK) still has the option to issue a notice by today to redeem $1.3 billion in bonds early, at par, after a judge ruled it would probably win in court over any demand to pay $400 million in extra interest.
Thick oil from the 2010 Gulf of Mexico oil spill floating on the surface of the water, coating the marsh wetlands in Bay Jimmy near Port Sulphur, Louisiana. (Saul Loeb/AFP/Getty Images)

BP contractor finds cement samples midtrial

A lawyer for the cement contractor on the Deepwater Horizon drilling project says the company has found cement samples possibly associated with BP’s Macondo well that weren’t turned over to the Justice Department for testing.
Oil from the Deepwater Horizon spill floats on the water as the sky is reflected in sheen on Barataria Bay, off the coast of Louisiana, in this June, 7, 2010 file photo. A high-stakes trial to assign blame and help figure out exactly how much more BP and other companies should pay for the spill began Monday, Feb. 25, 2013. (AP Photo/Charlie Riedel, File)

Plaintiffs’ lawyer resigns amid BP oil spill trial

A Texas lawyer has resigned from the team of plaintiffs’ attorneys who brokered a multibillion-dollar settlement with BP PLC and are facing the company at trial over the massive 2010 oil spill in the Gulf of Mexico.