lawsuit – Page 2 – Oil & Gas 360

Sears Sues Former CEO, his Hedge Fund, and U.S. Treasury Secretary Steven Mnuchin for Stripping Sears of Assets Worth Billions as it Headed to Bankruptcy

April 18, 2019

Lawsuit alleges property was fraudulently transferred From the Chicago Tribune Sears Holdings Corp. has filed a lawsuit against its former chairman and CEO, Edward Lampert, and his hedge fund, claiming they wrongly siphoned $2 billion in assets from the company as it headed for bankruptcy. “Had defendants not taken these illegal and improper actions, Sears would have had billions of dollars

New Orleans suing Energy Companies over Erosion - Oil & Gas 360

New Orleans Sues Energy Firms over Coastal Erosion

April 2, 2019

Suit says coastal land loss could cost the state more than $133 billion in lost capital From the Associated Press/FOX 8 The City of New Orleans is suing several oil and gas companies over coastal erosion. Mayor Latoya Cantrell on Friday announced the lawsuit, which alleges that pipeline work has caused massive damage to Louisiana’s wetlands and “threatened the safety

Texas Jury Nails Frac Company with $101 Million Verdict

July 23, 2018

From FreightWaves A jury verdict in a Texas court last week against an oil service company may have set the record for the largest civil penalty ever handed down in an accident involving a truck. The $101 million verdict exceeds by about $10 million a penalty assessed against Werner Enterprises earlier this year. At the time of the Werner decision, that was

Supreme Court Hands Seismic Patent Owner a Win

June 28, 2018

WesternGeco sued ION in 2009 for patent infringement From National Law Review On June 22, 2018, the United States Supreme Court held that a patent owner can collect lost foreign profits for use of an infringing product outside the U.S. The case involved WesternGeco LLC’s suit against ION Geophysical Corporation for patent infringement. The patents relate to a system for

Judge Throws Out Calif. Cities’ Climate Change Suits against Five Oil Producers

June 26, 2018

Northern California U.S. District Judge William Alsup has dismissed the climate change lawsuits filed against BP (NYSE: BP), Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), Exxon Mobil (NYSE: XOM), and Shell (NYSE: RDS.A) by the cities of San Francisco and Oakland. The lawsuits were filed last September against the five big oil companies alleging that the carbon emissions from their fossil

Boulder, Boulder County, and San Miguel County File Climate-Change Lawsuit Against Exxon, Suncor

April 25, 2018

Colorado municipalities follow California and New York over fossil fuel use From Westword Boulder County, the City of Boulder and San Miguel County have filed an environmental lawsuit against two multibillion-dollar oil and gas corporations over climate-change impacts in Colorado. The local governments are asking a Boulder County district court for a jury trial against ExxonMobil and Canada-based Suncor Energy and its

EnerCom's The Oil & Services Conference San Francisco 2015

San Francisco and Oakland Sue Oil Companies for Producing Fossil Fuels

September 22, 2017

“…defendants continue to engage in massive fossil fuel production. They also continue to promote fossil fuels, and have developed multi-decade future business plans based upon increased fossil fuel usage even as global warming has progressed into a severe danger zone…” – San Francisco City Attorney It was kind of a ‘say what?’ moment that emerged from the San Francisco Bay area

Alaska in Talks to Purchase ConocoPhillips’ Nikiski Kenai LNG Facility

Environmental Group Poses Legal Challenge to U.S.’s Largest Proposed LNG Project

May 24, 2017

The Center for Biological Diversity announced its attempt to intervene in Federal Energy Regulatory Commission proceedings on the state of Alaska’s plans to build the nation’s largest-ever liquid natural-gas project. Alaska LNG had been described as a “gigaproject” by those involved, with an estimated price tag of $45 to $65 billion. The Alaska LNG project until Jan. 1, 2017, involved a

Colorado Energy Law Fallout: Boulder County Enacts Emergency Oil and Gas Moratorium through Q1 2020 - Oil & Gas 360

Case That Would Restrict Colorado Oil & Gas Permitting Wins a Reversal in Appeals Court

April 27, 2017

The majority opinion conjures a condition precedent out of grammatical thin air, which now enshrines the “precautionary principle” in Colorado law. This has been a goal of environmental advocates pursuant to COGCC rulemaking for many years – API/CPA In February, attorneys for a group of under-aged plaintiffs argued the youths’ case against permitting practices used by the Colorado Oil and Gas Conservation

Environmental Movement Targets FERC to Stop New Pipelines – An Exclusive Interview

June 15, 2016

U.S. Shale Gas Needs More Pipelines to Move the Gas to Market, but Anti-Fossil Fuel Groups are Out to Stop Pipelines In the past ten years, the shale revolution has changed the U.S. energy landscape. The economic extraction of oil and gas from shale deposits has opened new oil and natural gas supplies in North America, presented new opportunities for

ValueAct Sued by DOJ Over Halliburton-Baker Hughes Acquisition

April 5, 2016

What defines a passive investor as opposed to an activist investor? The Department of Justice (DOJ) announced on Monday April 4, 2016, that legal action has been taken against ValueAct Capital for their activist investor position related to the merger agreement between Halliburton and Baker Hughes. The lawsuit alleges impropriety with the lead up to the merger and accuses ValueAct

Does TransCanada’s Keystone XL Pipeline Stand a Snowball’s Chance in Court?

January 15, 2016

Oil & Gas 360® polled three international law experts to gauge the viability of the $15 billion Keystone XL legal action by TransCanada The saga that started back in 2008 continues. The Keystone XL oil pipeline did not die with a slammed door from White House. At least, not from the point of view of its sponsor’s corner office in

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