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Power Generator to Pay $4.6 Billion to Settle Pollution Lawsuit
One of the nation's largest power generators has agreed to end a years-long federal lawsuit by paying $4.6 billion to reduce pollution that has eaten away at Northeast mountain ranges and national landmarks, The Associated Press has learned. The settlement requires American Electric Power to reduce chemical emissions that cause acid rain by at least 69 percent over the next decade. The settlement marks one of the largest government fines in an environmental case.A cause that might soon be out of gas
Litigation over the gasoline additive MTBE has heated up in recent weeks with a wave of suits filed around the country.Meadwestvaco Corp., Successor in Interest to Mead Corp. v. Illinois Department of Revenue et al
The "operational function" test is merely instrumental to the constitutionally relevant conclusion that the asset is a unitary part of a business conducted in the taxing state, rather than a discrete asset to which the state has no claim.The 'Original Patent Troll' is Back With a New NPE Venture
Anthony Brown was called the "original patent troll" when he ran TechSearch. Now he's trying to reestablish himself with a new nonpracticing entity, Cascades Ventures.
'Smell of Death': BP's Oil Spill Costs Climb Into the Billions (and Billions)
The oil company tells investors it's spent over $1 billion in costs since April 20 for the spill — and that rate is only 'expected to continue for some time.' Meanwhile, as the lawsuits mount and the company's stock sinks, some experts wonder if this is the disaster that 'could break BP.'Intellectual property verdicts triple in value in 2011
Among the largest verdicts last year, intellectual property cases nearly tripled in value compared with 2010. The result was due in large part to a trade secrets case that ended in a $2.3 billion verdict against a former employee who fled to China and didn't show up for trial. But even without that case, IP verdicts would have spiked by 24 percent to more than $3 billion.Economy may be down but GCs' pay is up
The world economy may be limping. Economic sectors like banking and manufacturing still are waiting for those green shoots to pop up, while the real estate market continues to search for the bottom. But last year the general counsel of the nation's largest companies still managed to get a modest raise.That's the main finding of the 2009 GC Compensation Survey by Corporate Counsel, a Daily Report affiliate.
IN BRIEF: Wetlands Suit In Louisiana
A small group of Louisiana officials and contingent-fee lawyers picked a multibillion-dollar fight with the oil and gas industry on July 24. Plus more from our weekly roundup of Web-only stories from NLJ.com and other ALM publications.Trending Stories
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