New York private equity firm Riverstone Investment Group said Tuesday that one of its affiliates will purchase Kinder Morgan’s 50 percent stake in an the Utica Pipeline Project in Ohio, which will help transport ethane and ethane-propane mixtures to petrochemical companies in Ontario, Canada.
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Updated: Bracewell, V&E Handle Riverstone’s Buy-In on $500M Ohio Pipeline JV
New York private equity firm Riverstone Investment Group said Tuesday that one of its affiliates will purchase Kinder Morgan’s 50 percent stake in an the Utica Pipeline Project in Ohio, which will help transport ethane and ethane-propane mixtures to petrochemical companies in Ontario, Canada.
SEC FW: Longwei Petroleum & CFO Violated Federal Securities Laws
The SEC’s Fort Worth Office accused China-based Longwei Petroleum Investment Holding and its American-based CFO, Michael Toups, with falsifying public statements in 2013 that substantially overstated potential capacity at the company’s fuel storage depots in China.
SEC FW: Longwei Petroleum & CFO Violated Federal Securities Laws
The SEC’s Fort Worth Office accused China-based Longwei Petroleum Investment Holding and its American-based CFO, Michael Toups, with falsifying public statements in 2013 that substantially overstated potential capacity at the company’s fuel storage depots in China.
Judge Houser: Sam Wyly Owes $1.1 Billion to IRS
A federal bankruptcy judge on Monday ordered Dallas entrepreneur and philanthropist Sam Wyly to pay the Internal Revenue Service $1.1 billion, which is less than half what the federal government originally demanded but it still one of the largest tax judgments ever against a single individual.
T&K Trial Team Leads McKinney Surgical Support Client to $7.5 Million Jury Win
A federal jury in Dallas last Thursday ordered BlueCross BlueShield of Louisiana to pay McKinney-based Encompass Office Solutions $7.5 million for past unpaid services and tortious interference with its business practices. A young trial team from Thompson & Knight led the way for Encompass.
T&K Trial Team Leads McKinney Surgical Support Client to $7.5 Million Jury Win
A federal jury in Dallas last Thursday ordered BlueCross BlueShield of Louisiana to pay McKinney-based Encompass Office Solutions $7.5 million for past unpaid services and tortious interference with its business practices. A young trial team from Thompson & Knight led the way for Encompass.
High-Profile Trial Lawyer Jim Renard Jumps to Norton Rose Fulbright
Renard developed a reputation for being one of the best trial lawyers in Texas over the last three decades at Bickel & Brewer, which is now called Brewer Attorneys & Counselors.
Brexit – The Morning After the Night Before…
We now know what the eye of a storm feels like… Cameron resigns and will be gone in October; Sterling fell 10 % and is slowly picking itself up off the canvas; UK is still in Europe but may not be in the EU in due course. The UK may in the future no longer be the United Kingdom and there are calls for another Scottish independence referendum and a movement to unite Ireland and Northern Ireland under the Good Friday agreement. What does this all mean? What happens next?
Updated – Lawyer: Breitling Energy CEO & ‘Frack Master’ Chris Faulkner ‘Denies Emphatically’ SEC Allegations of Fraud
The SEC charged Dallas-based Breitling Energy Corp. and its CEO, “Frack Master” Chris Faulkner, of fraudulently spending tens-of-millions of dollars of investors money on lavish meals, expensive cars, strippers and escorts. The SEC claims that Faulkner masterminded an elaborate $80 million oil and gas fraud that included Breitling, Crude Energy and Patriot Energy and eight executives, including Breitling General Counsel Jeremy Wagers.