Although both sides are refusing to give any details, settlement talks between California and San Diego-based Sempra Energy are ongoing and could encompass claims that collectively represent $1-2 billion. A spokesman for state Attorney General Bill Lockyer confirmed Tuesday that talks are taking place but he would not characterize their current status.
Legal
Articles from Legal
CA AG in Talks with Sempra to Settle Outstanding Legal Actions
Although both sides are refusing to give any details, settlement talks between California and San Diego-based Sempra Energy are ongoing and could encompass claims that collectively represent $1 to $2 billion, according to a Bloomberg News report Monday following a meeting with Bill Lockyer, California’s attorney general (AG). A state AG spokesman confirmed the accuracy of the report Tuesday, although he would not characterize the status of the talks or their current stage.
Nicor Pays $38.5M in Class Action Settlement, Warns of Future Legal Action by SEC
Standard & Poor’s said last week that while it is certainly “disturbing” news that Nicor Inc. will pay $38.5 million to settle a class action lawsuit and may face a civil lawsuit from the Securities and Exchange Commission for fraud and securies law violations, Nicor’s financial condition is “so extraordinarily robust that the ratings could withstand additional financial penalties.
Alaska, Canada Gas Pipe Proposals Still ‘Horse Race,’ Says Legal Expert
The long-proposed northern natural gas pipeline appears to be a close horse race between the Alaska project and the Canadian Mackenzie Delta project, one long-time observer said Tuesday.
Nicor Pays $38.5M in Class Action Settlement, Warns Investors of Future Legal Action by SEC
Standard & Poor’s said Monday that while it is certainly “disturbing” news that Nicor Inc. will pay $38.5 million to settle a class action lawsuit and may face a civil lawsuit from the Securities and Exchange Commission for fraud and securies law violations, Nicor’s financial condition is “so extraordinarily robust that the ratings could withstand additional financial penalties.
FERC Asserts Jurisdiction over Sound Energy LNG Project
FERC laid down the legal gauntlet for California regulators last Wednesday by asserting “exclusive jurisdiction” over Sound Energy Solutions’ planned liquefied natural gas (LNG) terminal for the Port of Long Beach, CA.
FERC Asserts Jurisdiction over Sound Energy LNG Project
FERC laid down the legal gauntlet for California regulators Wednesday by asserting “exclusive jurisdiction” over Sound Energy Solutions’ planned liquefied natural gas (LNG) terminal for the Port of Long Beach, CA.
Merrill Lynch Suffers Setback in Legal Battle with Allegheny
U.S. District Judge Harold Baer, Jr. in Manhattan has agreed with Allegheny Energy that its counterclaims against Merrill Lynch should be heard by the court, particularly the charges regarding whether Allegheny was misled when it purchased Global Energy Markets (GEM) from Merrill in 2001 for $490 million and a 2% equity interest in the trading unit.
Merrill Lynch Suffers Setback in Legal Battle with Allegheny
U.S. District Judge Harold Baer, Jr. in Manhattan has agreed with Allegheny Energy that its counterclaims against Merrill Lynch should be heard by the court, particularly the charges regarding whether Allegheny was misled when it purchased Global Energy Markets (GEM) from Merrill in 2001 for $490 million and a 2% equity interest in the trading unit.
Western, Williams Settle Powder River Dispute
Western Gas Resources and its subsidiary, Lance Oil & Gas Co., have agreed to settle a legal dispute with Williams Production RMT Co. over each company’s share of their joint operations in the Powder River Basin of Wyoming.