Riyadh, Kingdom of Saudi Arabia. Credit: Mohammed/Adobe Stock Linklaters, Al-Tamimi and AS&H Clifford Chance Work on $3.9B Energy Projects
The projects are part of Saudi Arabia's efforts to achieve an optimal energy mix for electricity production, with a target of 50% renewable energy and 50% from high-efficiency gas-fired plants by 2030.
July 18, 2024 at 05:08 PM
3 minute read
Energy and Natural Resources
Linklaters, Al-Tamimi, and AS&H Clifford Chance advised on energy projects in Saudi Arabia worth $3.9 billion, which are part of the Kingdom's Vision 2030 and the Saudi Green Initiative.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
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