The review is a win for Dallas-based electricity generator Panda Power, which is being represented by Haynes and Boone.
Total Petrochemicals & Refining USA joins 37 other companies suing the railroads that control 90% of the nation’s rail freight traffic.
The oilfield services company reported to the bankruptcy court in Houston that it had as much as $10 billion in liabilities, including $7.5 billion in unsecured bond debt.
Houston businesses last year accounted for seven, or about one-fourth of the 26 cases brought by the Justice Department under the Foreign Corrupt Practices Act. Over the past decade, Houston federal court has become one of the busiest in the nation for cases involving foreign bribery cases in large part because of the concentration of energy companies that do business around the world. The Houston Chronicle has an in-depth report.
The family of a Katy man recently killed in a rig explosion near New Orleans fired Houston trial lawyer Tony Buzbee after he allegedly sued the wrong companies in the case. Buzbee then sued a Morrison family friend for interfering in the case and went to court to force Morrison’s family to pay his fee. The Houston Chronicle has the full details.