Chief Bankruptcy Judge David Jones officially approved the billion-dollar restructuring plan offered by Oklahoma-based Midstates Petroleum on Wednesday, but he blasted the legal tactics of the lawyers for the unsecured creditors. “You don’t have a skill-set that will let you talk your way out of this,” Judge Jones told the lawyers, according to Debtwire.
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SEC: Alternative Fuels Company in Texas and Ex-CEO Gave Incomplete Info to Investors
The U.S. Securities and Exchange Commission announced Tuesday that it has charged and settled allegations that a Pasadena, Texas-based bio fuels company and its former chief executive officer failed to disclose to investors essential financial assumptions that were critical to the company’s viability.
SEC Hits Oil Services Firm Again for Deceptive Practices
For the second time in three years, the U.S. Securities and Exchange Commission has nailed oil services company Weatherford International, which has substantial operations in Houston, with illegal busiess practices. This time, Weatherford agreed to pay $140 million in penalties to settle charges that it inflated earnings by using deceptive income tax accounting.
Ten Things GCs Need to Know: How to Market the Legal Dept. to the Business
It sucks being a cost center. General counsel can argue all day about the value the legal department is adding to the company, but it is still a cost center to the business. If executives see Legal as just a cost center, it could feel the budget axe when times get tough.
This edition of “Ten Things” discusses basic and straight-forward ways you can “market” the legal department to the business in order to help them understand what the department does and the value it brings to the company.
Munck Wilson Launches Austin Office
The new office will focus on serving technology clients, entrepreneurs and startups.
MLB’s Texas Rangers Hire Katherine Pothier as EVP and GC
Pothier served in the same role with the San Diego Padres from 2002-2010.
MLB's Texas Rangers Hire Katherine Pothier as EVP and GC
Pothier served in the same role with the San Diego Padres from 2002-2010.
Updated: Jones Day, V&E and Fulbright Work on $1.3B Midstream Appalachia Basin Assets Deal
Detroit-based DTE Energy said Monday that it will purchase 100 percent of the Appalachia Gathering System and 55 percent of Stonewall Gas Gathering from two Houston companies, M3 Midstream and Vega Energy Partners, for $1.3 billion.
Updated: Jones Day, V&E and Fulbright Work on $1.3B Midstream Appalachia Basin Assets Deal
Detroit-based DTE Energy said Monday that it will purchase 100 percent of the Appalachia Gathering System and 55 percent of Stonewall Gas Gathering from two Houston companies, M3 Midstream and Vega Energy Partners, for $1.3 billion.
DC Circuit to Hear All Day Arguments on EPA’s Clean Power Plan
A federal appears court hears oral arguments Tuesday in three consolidated challenges to President Obama’s signature climate regulation, which is known as the Clean Power Plan. Twenty-eight states, including Texas, and 124 businesses and industry groups are challenging the legality of the CPP, which is the most far-reaching regulatory program ever promulgated by the U.S. Environmental Protection Agency.
There are three arguments that are notable for their scope, novelty, and potential impact on the future of the Clean Power Plan, as well as their ramifications for future EPA regulation under the Clean Air Act. This article has the details.