Energy

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Alternative Energy Company Satcon Seeks Emergency Chapter 7 Conversion
Posted on 6 Feb 2013 by Mealeys

WILMINGTON, Del. - Bankrupt alternative energy company Satcon Technology Corp. on Feb. 5 filed an emergency motion for an order converting its proceeding to a Chapter 7 bankruptcy because it has received no viable offers for selling its assets (In Re... Read More

Alabama High Court Finds Insurer's Arbitrator Nominees Not Made In Bad Faith
Posted on 21 Aug 2012 by Mealeys

MONTGOMERY, Ala. - The Alabama Supreme Court on Aug. 17 found no evidence that a commercial general liability provider submitted its nominees to fill a spot on an arbitration panel in bad faith or had knowledge of any bias on the nominees' parts ... Read More

Court: Boiler Maker Escapes Liability For Asbestos-Containing Insulation
Posted on 30 Apr 2012 by Mealeys

LOS ANGELES - Contradictory testimony regarding who removed asbestos-containing insulation from boilers entitles the manufacturer of those boilers to summary judgment, a California appellate court affirmed April 26 (Marilyn Davis, et al. v. Foster Wheeler... Read More

Solyndra Chapter 11 Plan To Repay Little, If Any, Of $535M U.S. Government Loan
Posted on 1 Aug 2012 by Mealeys

WILMINGTON, Del. - Bankrupt solar energy company Solyndra LLC, which received a $535 million grant from the U.S. Department of Energy (DOE) before filing for Chapter 11 bankruptcy, on July 27 filed its plan of reorganization, which would repay little... Read More

Beacon Seeks Dismissal Of Chapter 11 Case To Resolve Fee Issues
Posted on 29 Mar 2012 by Mealeys

WILMINGTON, Del. - Bankrupt energy company Beacon Power Corp. on March 27 filed a brief in the U.S. Bankruptcy Court for the District of Delaware supporting its motion to have its Chapter 11 bankruptcy case dismissed (In Re: Beacon Power Corporation,... Read More

Federal Judge Lets Most Claims Against FDIC In Investment Suit Survive
Posted on 25 Mar 2013 by Mealeys

SPOKANE, Wash. - A federal judge in Washington on March 22 granted partial summary judgment to the Federal Deposit Insurance Corp. in a suit an investor filed related to investments he made in connection with a failed bank, finding that the investor raised... Read More

4th Circuit: Downloading Info For Use At New Employer Doesn't Violate CFAA
Posted on 27 Jul 2012 by Mealeys

RICHMOND, Va. - A South Carolina welding company failed to show that two former employees violated the Computer Fraud and Abuse Act (CFAA) when they allegedly downloaded proprietary information and used it once they switched employers and started working... Read More

Solyndra: Liquidation Plan Should Be Confirmed; DOE, IRS Objections Fail
Posted on 16 Oct 2012 by Mealeys

WILMINGTON, Del. - Bankrupt solar energy company Solyndra LLC on Oct. 15 filed a brief in the U.S. Bankruptcy Court for the District of Delaware supporting the confirmation of its Chapter 11 plan contending that the U.S. Department of Energy (DOE) lacks... Read More

Judge Refuses To Dismiss, Remands Pennsylvania's Suit Over Companies' Discharges
Posted on 5 Sep 2012 by Mealeys

CLARKSBURG, W.Va. - Claims by the Commonwealth of Pennsylvania and a state agency that waste water emissions from three West Virginia companies violated state law are not preempted by the Clean Water Act (CWA), a federal judge in West Virginia ruled Sept... Read More

6th Circuit: Filed-Rate Doctrine Inapplicable In Case Against Utility
Posted on 7 Jun 2012 by Mealeys

CINCINNATI - A federal district court erred in ruling that the filed-rate doctrine deprived it of jurisdiction over electricity purchasers' claims that Duke Energy Corp. violated the Robinson-Patman Act (RPA) 15 U.S.C.S. § 13 by paying rebates... Read More

Bankruptcy Judge OKs A123's Liquidation Plan; Most Claims Repaid In Full
Posted on 21 May 2013 by Mealeys

WILMINGTON, Del. - The bankruptcy judge presiding over the Chapter 11 liquidation of alternative energy company A123 Systems Inc. on May 20 confirmed the company's liquidation plan under which most creditors would recover 100 percent of their claims... Read More

Federal Judge Lets Investor's Suit Against Failed Bank Continue
Posted on 6 Mar 2013 by Mealeys

SPOKANE, Wash. - A federal judge in Washington on March 4 denied the motion for summary judgment filed by the former loan officer of a failed bank, finding that there are genuine issues of material fact regarding whether he made material misrepresentations... Read More

5th Circuit Affirms Confirmation Of Award In Purchase Contract Dispute
Posted on 6 May 2013 by Mealeys

NEW ORLEANS - The Fifth Circuit U.S. Court of Appeals on May 3 affirmed a court's decision to confirm an arbitration award in a dispute over a contract for the purchase of mixed xylene (MX) but denied a cross-appeal in relation to an award of post... Read More

Dynegy Inc. Files For Chapter 11 Bankruptcy, Seeks Merger With Subsidiary
Posted on 6 Jul 2012 by Mealeys

NEW YORK - Energy company Dynegy Inc. filed for Chapter 11 bankruptcy on July 6 in the U.S. Bankruptcy Court for the Southern District of New York, citing liabilities greater than $5.13 billion and seeking joint administration of its bankruptcy proceeding... Read More

Wisconsin Federal Judge Awards $18.67 Million In Whipsaw Benefit Calculation Case
Posted on 29 Aug 2012 by Mealeys

MADISON, Wis. - A federal judge in Wisconsin who ruled that a cash-balance pension plan violated the Employee Retirement Income Security Act 29 U.S.C.S. § 1001 et seq., in calculating lump-sum distributions paid to a class of participants who left... Read More

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