Clime Capital has settled a Federal Court class action in principle for an agreed sum of $8.3 million. Consequently, investors that purchased UGL shares within the claim period have suffered compensable loss, Clime and IMF said. If the settlement becomes unconditional, IMF expects to gain about $8.3 million, which includes the reimbursement of project costs. Clime recently made an off-market …
The Standing Rock and Cheyenne River Sioux tribes have filed new lawsuits in yet another legal effort to stop a 1,172-mile, 570,000 barrel-per-day crude oil pipeline that skirts the Standing Rock reservation in North Dakota within a half mile. Meanwhile, the pipeline company Energy Transfer Partners began drilling when the Army Corps of Engineers granted them an easement needed for construction …
Investors in an ill-fated development for a new Registry of Motor Vehicles building have filed a $50 million lawsuit in federal court, alleging the city plunged the project into an abyss of evasive and corrupt tactics to stall it into failure. Martone Place LLC and HDC Four LLC filed the complaint against the city, Deputy Director of Planning Philip Dromey, Director of Public …
The collapse of the plan to build a hotel and conference center next to St. Joseph’s hospital has resulted in the filing of a lawsuit on Thursday in which the would-be developer is seeking $400 million in damages from the medical center. An artist’s rendering of a hotel proposed for Paterson. The 51-page complaint by the nonprofit group that proposed building hotel alleges that St. …
Governor Robert Bentley on Thursday issued a statement regarding the judge’s decision to dismiss a lawsuit against the Gulf State Park project. The Governor’s Statement …
A local nonprofit says a politically connected businessman gave campaign donations to former Mayor Alvin Brown and other officials as he tried to kill the group’s proposed apartment complex for homeless people and that city officials retaliated against the group after it sued the city for housing discrimination. The nonprofit, Ability Housing, added the allegations to the existing lawsuit it …
An environmental group has sued the U.S. Forest Service, arguing that a plan to thin trees surrounding popular Walton Lake in Ochoco National Forest needed a fuller environmental review and public comment process. The nonprofit League of Wilderness Defenders’ lawsuit filed Monday in U.S. District Court in Oregon argued that the Forest Service had illegally avoided an environmental review of the …
Environmental groups have filed a federal lawsuit to stop a 516-miles natural gas pipeline project that would travel through three Southeastern states. Groups including the Sierra Club filed the lawsuit Wednesday in the 11th U.S. Circuit Court of Appeals in Atlanta.
Hoping to stop the progress of the Longmeadow Parkway, Vernon Hills resident Geoffrey Petzel said he filed a federal citizen lawsuit Friday over the project against the Kane County Department of Transportation and several other governmental bodies. Petzel, a Carpentersville native, filed a pro se lawsuit that asks a judge to prevent construction of the bridge and road, vacate previous approvals …
Major European energy companies are set to build and run the controversial mega-dam project planned for the Tapajos river in the heart of the Amazon. This comes as a senior construction official has implicated the nearby Belo Monte dam in the massive corruption scandal that has engulfed President Dilma Rousseff and the country’s most powerful political figures. The Brazilian government is …