Cadwalader, Wickersham & Taft LLP Washington, DC Document Search Results (40)
Show: results per page
|Tariff Compliance Is Not Enough: FERC Imposes Nearly Thirty-Five Million Dollars in Penalties and Disgorgement against Powhatan Energy Fund and Its Trading Associates|
Doron F. Ezickson, Thomas Reid Millar, Mary Treanor; Cadwalader, Wickersham & Taft LLP;
June 18, 2015, previously published on June 2, 2015On May 29, 2015, the Federal Energy Regulatory Commission (“FERC”) issued an Order against Powhatan Energy Fund, LLC and its trading partners, Dr. Houlihan Chen, HEEP Fund, LLC and CU Fund, Inc. (together, “Powhatan”). FERC imposed civil monetary penalties of more than $29...
|Such A Fact Pattern Does Not A $5 Million Penalty Make.|
Doron F. Ezickson, Thomas Reid Millar, Katherine Vorhis; Cadwalader, Wickersham & Taft LLP;
June 18, 2015, previously published on May 19, 2015Or so says one dissenting FERC Commissioner in the recent Maxim Power enforcement proceeding.1 On May 1, 2015, FERC issued an order assessing civil penalties (the “Order”) of $5 million against Maxim Power Corporation and its named subsidiaries (“Maxim”),2 as well as $50,000...
|CFTC Issues Proposed Order to Exempt Certain SPP Transactions from Regulation Under Most Provisions of the CEA and CFTC Rules|
Sohair A. Aguirre, Paul J. Pantano, Lamiya Rahman; Cadwalader, Wickersham & Taft LLP;
June 16, 2015, previously published on May 21, 2015On May 19, 2015, the Commodity Futures Trading Commission (“CFTC” or “Commission”) issued an order in response to an application from Southwest Power Pool, Inc. (“SPP”) proposing to exempt three categories of SPP transactions (“Covered Transactions”)...
|A Looming Crisis: Illinois Supreme Court Strikes Down Statute Reducing Benefits|
Ingrid Bagby, Thomas J. Curtin, Mark C. Ellenberg, Daniel Gwen, Ellen Halstead; Cadwalader, Wickersham & Taft LLP;
June 16, 2015, previously published on May 19, 2015On May 8, 2015, the Supreme Court of the State of Illinois struck down recently enacted state public pension reform legislation on the grounds that the legislation violated the “pension protection clause” of the Illinois constitution. The legislation had sought to reduce...
|Supreme Court Holds That Orders Denying Plan Confirmation Are Not Final for Appellate Purposes|
Ingrid Bagby, Mark C. Ellenberg, Casey John Servais, Christopher J. Updike; Cadwalader, Wickersham & Taft LLP;
June 16, 2015, previously published on May 21, 2015On May 4, 2015, a unanimous United States Supreme Court in Bullard v. Blue Hills, 135 S. Ct. 1686 (2015), resolved a long-standing circuit court split by holding that a bankruptcy court’s order denying confirmation of a debtor’s proposed bankruptcy plan is not a “final”...
|Crowley Executive Acquittal in Price Fixing Trial Highlights Importance of Evaluating Legitimate Defenses and Avoiding Costly Plea Agreements|
Joseph J. Bial, Daniel J. Howley, Anthony V. Nanni, Charles F. (Rick) Rule, Eric Sega; Cadwalader, Wickersham & Taft LLP;
May 25, 2015, previously published on May 18, 2015A federal jury’s recent acquittal of a shipping company executive charged with price fixing highlights the challenges and uncertainties the Antitrust Division of the Department of Justice (“DOJ”) faces when defendants force DOJ to prove its case at trial. It also highlights the...
|Recent Court and Agency Actions Suggest Increased Antitrust Risk Over Disgorgement, Particularly in the Pharmaceutical Industry|
Andrew J. Forman, Daniel J. Howley, Charles F. (Rick) Rule, Eric Sega; Cadwalader, Wickersham & Taft LLP;
May 13, 2015, previously published on May 05, 2015Recent court and agency rulings highlight important takeaways involving disgorgement in antitrust proceedings. Companies, especially those in the pharmaceutical industry, increasingly should ensure they properly calibrate the potential for disgorgement in their antitrust risk calculus.
|What Did April Bring?: FERC Extends Out-of-Market Reliability Measures but Wants Market-Based Solutions|
Gregory K. Lawrence, Thomas Reid Millar, Mary Treanor; Cadwalader, Wickersham & Taft LLP;
May 6, 2015, previously published on Apr 30, 2015The Federal Energy Regulatory Commission (“FERC”) recently published two orders that approved capacity and reliability measures for the Independent System Operator New England Inc. (“ISO-NE”) and the New York Independent System Operator (“NYISO”). In contrast to...
|Supreme Court’s Holding in Oneok v. Learjet Could Lead to New Risks for Market Participants|
Joseph J. Bial, Daniel J. Howley, Gregory K. Lawrence, Thomas Reid Millar, Natalie Mitchell; Cadwalader, Wickersham & Taft LLP;
May 6, 2015, previously published on Apr 29, 2015On April 21, 2015, the Supreme Court decided Oneok v. Learjet,1 holding that “Respondents’ state-law antitrust claims are not within the field of matters pre-empted by the Natural Gas Act”2 even though the claimed violations “affected . . . federally regulated wholesale...
|A Signal of Things to Come? New CME Rule 512 Reflects Modified Stance for Violations of Futures and Options Reporting Requirements|
Athena Yvonne Eastwood, Jonathan H. Flynn, Neal E. Kumar, Gregory George Mocek, Mary Treanor; Cadwalader, Wickersham & Taft LLP;
April 27, 2015, previously published on April 13, 2015On March 24, 2015, the CME Group, Inc. (“CME”) announced a proposed amendment to Rule 512 indicating that it will impose a minimum fine of $1,000 for repeat violations of its exchanges’ reporting rules for futures and options. The amendment, which became effective on April 7, 2015...