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– Norton Rose Fulbright represented MRC Global Inc., the largest OCTG global distributor based on sales of pipe, valves and fittings, and related products and services to the energy industry, in the sale of its US OCTG business to Sooner Pipe, L.L.C., a subsidiary of Marubeni-Itochu Tubulars America, Inc. The Houston-based MRC Global Inc., a Fortune 500 company, has agreed to divest its OCTG product line in an effort to reduce their exposure to upstream drilling volatility and focus on growing their higher margin product lines, particularly their valve, valve automation and instrumentation business.
– Norton Rose Fulbright prevailed in a jury trial for ExxonMobil in an eight-figure indemnity suit. The jury determined that the defendants―a Fort Worth energy company and its principals―are obligated to indemnify ExxonMobil for two eight-figure settlements. The lawsuit arose from two Louisiana lawsuits in which landowners sought more than $5 billion in damages from ExxonMobil to remediate alleged environmental contamination. Pursuant to a 1994 contract, ExxonMobil requested that the defendants indemnify ExxonMobil against the Louisiana lawsuits. The defendants rejected the requests, and ExxonMobil settled the Louisiana lawsuits for substantial amounts.
– Norton Rose Fulbright represent Enbridge on the formation of MarEn Bakken Company LLC, a joint venture between affiliates of Enbridge Energy Partners, LP and Marathon Petroleum Corporation, and in MarEn’s acquisition from Energy Transfer Partners, LP and Sunoco Logistics Partners, LP of a 49 percent equity interest in a holding company that owns a controlling 75 percent interest in the Bakken Pipeline System for $2 billion. When this deal closes, ETP and Sunoco Logistics will hold a 38.25 percent ownership in the pipeline system, MarEn will hold a 36.75 percent stake and Phillips will hold the remaining 25 percent.
– Norton Rose Fulbright defended software companies Microdea Inc. and PeopleNet Communications Corp. in an MDL suit in which R&L Carriers alleged infringement of its patent describing a system of scanning and transmitting freight package information to a remote processing center to improve shipping speeds. The US District Judge granted the defendants’ motion for summary judgment of invalidity under 35 U.S.C. § 101 for claiming patent-ineligible subject matter, ending the seven-year MDL.
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