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Ethanol May Not Justify High Food Prices: Lawmakers

With food prices skyrocketing around the world, some politicians have begun to question whether the United States should really be ramping up its corn-based ethanol production. But although ethanol advocates admit that the political climate has worsened over the past few months, they say a significant shift away from biofuels is unlikely.

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Legal And Regulatory Calendar

Friday, May 16, 2008

Our daily calendar of events lists conferences and hearings scheduled to take place in the next four weeks.

Enron Unit Brokers Settlement With Luzenac

Friday, May 16, 2008

Marking the latest development in Enron Corp.'s bankruptcy case, a subsidiary of the now-defunct energy giant has reached a settlement with Luzenac America Inc. over the unit's defaulted contracts with the mining company.

Alternative Energy Tax Credit Bill Moves Forward

Friday, May 16, 2008

A U.S. House of Representatives panel on Thursday signed off on a plan to extend tax credits for wind power and other alternative energy sources.

Congress Approves Plan to Close Enron Loophole

Friday, May 16, 2008

The U.S. Congress has overwhelmingly approved a measure to give federal regulators more oversight authority over electronic energy markets and to close the so-called Enron loophole.

Akerman Close To Merging With WolfBlock: Report

Friday, May 16, 2008

Akerman Senterfitt is reportedly close to finalizing a merger with Philadelphia-based WolfBlock LLP, a move that would fall in line with the firm's aggressive growth in recent years outside its native Florida.

Exxon Unit Hit With $8M Verdict For Kidney Cancer

Friday, May 16, 2008

A state court jury in San Francisco has awarded $8 million to a veteran employee of Exxon Mobil Corp. subsidiary SeaRiver Maritime Inc. who claimed he developed kidney cancer after being exposed to toxins on the job.

FERC Policy Revisions To Strengthen Enforcement

Friday, May 16, 2008

The U.S. Federal Energy Regulatory Commission on Thursday revealed a group of reforms updating its enforcement procedures, hoping the latest revisions following the Energy Policy Act of 2005 will strengthen its enforcement program.

Gazprom Inks First Major North American Deal

Friday, May 16, 2008

OAO Gazprom will import the full liquefied natural gas terminal capacity of a proposed $842.5 million re-gasification facility in Quebec set for operations in 2014. The agreement marks the Russian energy behemoth's first major North American investment.

Willbros Enters $10.3M SEC Deal Over Bribery, Fraud

Thursday, May 15, 2008

Willbros Group Inc. will pay $10.3 million to settle the U.S. Securities and Exchange Commission's civil enforcement action concerning the oil-and-gas-services company's alleged $6 million Nigerian bribery scheme.

EU Leans On Spain To Lift Endesa Merger Conditions

Thursday, May 15, 2008

The European Commission has given the government of Spain a one-month deadline to reply to demands that it withdraw conditions it imposed on the €43.7 billion ($67.6 billion) merger between Spanish energy providers Endesa SA and Acciona and Italian rival Enel.

Bush Readies Veto Stamp As House Passes Farm Bill

Thursday, May 15, 2008

A food and farm bill that would invest billions in nutrition and conservation programs passed in the U.S. House of Representatives by a veto-proof margin Wednesday, moving the legislation to the U.S. Senate — and toward a likely showdown with President Bush, who has vowed a veto.

FTC To Probe 'Exorbitant' U.S. Fuel Prices

Thursday, May 15, 2008

The U.S. Federal Trade Commission has agreed to launch an inquiry into whether anti-competitive conduct has contributed to the record-high fuel prices facing American consumers.

Baker Botts Picks Up Howrey's Role In MTBE MDL

Thursday, May 15, 2008

Five oil companies have substituted Baker Botts LLP for Howrey LLP to defend them in multidistrict litigation that claims a slew of oil companies allowed a gasoline additive to leak into groundwater used by 153 public water providers in 17 states.

Oil, Gas Deals Created $204B In 5 Years: Study

Thursday, May 15, 2008

Mergers and acquisitions among oil and gas companies created $204 billion of value between 2001 and 2006, according to a new study by energy consulting firm Wood Mackenzie.

FERC Proceeds With ETP Gas Rate Tampering Claims

Thursday, May 15, 2008

Not two months after a federal appeals court declined to derail the U.S. Federal Energy Regulatory Commission's show-cause order accusing Energy Transfer Partners LP of violating rules against manipulating wholesale natural gas markets, the commission has ordered a hearing into the allegations.

Falling Dollar Makes U.S. Firms More Competitive

Wednesday, May 14, 2008

As the value of the dollar declines, U.S. law firms have become much more price-competitive with European and Asian firms on international deal-making work, lawyers say. But U.S. firms also may be having a slightly harder time recruiting because some foreign lawyers don't want to be paid in dollars.

Transocean Offshore Drill Patent Suit Dismissed

Wednesday, May 14, 2008

A federal judge has dismissed a patent infringement suit brought by Transocean Inc., the world’s largest offshore drilling company, against a Bermuda-based rival, ruling the court has no jurisdiction over the matter.

EU Eyes StatoilHydro-ConocoPhillips Deal

Wednesday, May 14, 2008

The European Commission has launched an in-depth probe of Norwegian oil company StatoilHydro's proposed deal to acquire ConocoPhillips gas stations in Norway, Sweden and Denmark.

Fund Plotted With Rival To Take Over Board: VAALCO

Wednesday, May 14, 2008

VAALCO Energy Inc. has accused a New York-based hedge fund of conspiring with Swiss competitor Pilatus Energy SA to mislead investors in a scheme to infiltrate VAALCO's board of directors.

De-Equitizing Partners May Not Boost Profits: Experts

Tuesday, May 13, 2008

The top 100 U.S. law firms in gross revenue reported record-high profits per partner in 2007, but a lower percentage of partners felt the rewards. Legal industry experts are conflicted over whether trends leading to the decline, such as implementing tiered systems and de-equitizing partners, will ultimately boost a firm.

Guest Column
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Protecting Your Ownership In Future Carbon Markets

A new California law teaches the lesson that businesses offering technology, products or services that may reduce carbon emissions should have the foresight to expressly address how the carbon-reducing value of their products will be allocated in contracts they are currently negotiating and executing, say William Sloan and Christopher Carr of Morrison & Foerster LLP.

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