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HTMLWork Begins at New Coop Hydroelectric Project
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 24, 2014, previously published on June 20, 2014
The Alaskan coop, Copper Valley Electric Association, recently announced that work has begun at its Allison Creek Hydroelectric Project. The total estimated cost of the project is $49 million. When completed, it will produce energy at a cost of 13.75 cents per kWh. The project is displacing...

 

HTMLSecurities Class Action Defendants Can Rebut the Basic Fraud-on-the-Market Presumption of Reliance at the Class Certification Stage
Thomas M. Byrne, Patricia A. Gorham, Cheryl L. Haas, Robert D. Owen, Amelia Toy Rudolph; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 24, 2014, previously published on June 23, 2014
The U.S. Supreme Court held today that defendants in securities fraud class actions can defeat the Basic fraud-on-the-market presumption of reliance at the class certification stage “through evidence that the misrepresentation did not in fact affect the stock price.” Halliburton Co. v....

 

HTMLInternet Tax Freedom Act Extension Clears Congressional Committee
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 23, 2014, previously published on June 18, 2014
On June 18, the Judiciary Committee of the U.S. House of Representatives voted in favor of H.R. 3086, the Permanent Internet Tax Freedom Act (PITFA) by a vote of 30-4. PITFA permanently extends the moratorium on state and local taxation of Internet access and “multiple” or...

 

HTMLSupreme Court of Texas Finds Purchasers of Used Goods Can Recover on Implied Warranty Claims in a Case That Highlights Risk of Failing to Plead Affirmative Defenses
Matt Gatewood, Carter L. Williams; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 23, 2014, previously published on June 17, 2014
In a significant decision issued earlier this month, the Supreme Court of Texas held that the implied warranty of merchantability, unless properly disclaimed, passes to purchasers of used goods. The decision in Man Engines & Components, Inc. v. Shows, No. 12-0490, on appeal from the Court of...

 

Adobe PDFInherited IRAs Are Not Bankruptcy-Exempt as “Retirement Funds”
Thomas M. Byrne, Brenna Clark, Adam B. Cohen, Nikola R. Djuric, B. Knox Dobbins; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 23, 2014, previously published on June 17, 2014
On June 12, 2014, the U.S. Supreme Court unanimously held in Clark v. Rameker that an inherited individual retirement account (IRA) does not qualify for the “retirement funds” exemption in the Bankruptcy Code and is not excluded from a bankruptcy estate on that basis. That exemption...

 

HTMLFERC Releases EIS for Freeport LNG Project
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 23, 2014, previously published on June 18, 2014
On Monday, FERC released a final environmental impact statement (EIS) for two proposals related to Freeport LNG’s operations on Quintana Island, Texas. The proposals included modifications to previously authorized, but not yet constructed, facilities and a proposal for new facilities. Staff...

 

HTMLPalmetto President and CEO Receives Award and Endowed Scholarship
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 23, 2014, previously published on June 19, 2014
The University of South Carolina Beaufort recently announced a $100,000 endowed scholarship honoring retiring Palmetto Electric Cooperative President and CEO Tom Upshaw. Palmetto Electric Cooperative (Palmetto) and Palmetto Electric Trust provided the funds for the endowment. South Carolina...

 

HTMLFERC Grants Cameron LNG Authorization for LNG Export Terminal
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 23, 2014, previously published on June 19, 2014
On Thursday, FERC granted Cameron LNG, LLC authorization to build and operate facilities for the liquefaction and export of natural gas from the site of Cameron’s existing LNG import terminal in Cameron, La. FERC also granted Cameron authorization to build and operate pipeline and compression...

 

HTMLCustomers of Florida Coop to Get Millions
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 23, 2014, previously published on June 17, 2014
Florida-based Lee County Electric Cooperative has approved an equity distribution of $6.1 million to current and inactive customers and an additional distribution of $6.1 million to memberships that have been closed since 2006. Customers receiving a distribution of less than $250 will receive a...

 

HTMLMining Company Likely Precluded from Litigating Gas Pipeline’s Negligence Claims Against It After Not Contesting Administrative Agency’s Allegations
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 23, 2014, previously published on June 17, 2014
Following damage to a gas pipeline in Floyd County, Kentucky, the owner of the pipeline brought suit against a mining company alleging that its mining and reclamation activity caused the landslide that damaged the pipeline. While the case was ongoing in the U.S. District Court for the Eastern...

 


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