GasProcessingPlant 
Gas processing plants strip liquid condensate from raw natural gas.

The Fifth Circuit decided a straight-up breach of contract case today.  It involved suspicious, and possibly illegal, goings on near the Texas border with Mexico.

Flint Hills Resources signed a contract that obligated it to buy about 1,000 barrels a day of natural gas condensate

 

AbrahamLincoln2 

Today marks the bicentennial of Abraham Lincoln's birth.

In his honor, Blawgletter reproduces President Lincoln's two most famous (and short) speeches:

Gettysburg Address

Four score and seven years ago our fathers brought forth on this continent a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal.

HomeForeclosure

The Judicial Panel on Multidistrict Litigation yesterday ordered In re Fannie Mae Securities and Employee Retirement Incomne Security Act (ERISA) Litig., MDL No. 2013, to the U.S. District Court for the Southern District of New York.

The Transfer Order brings to six the number of multi-district litigation matters the Panel has moved since

Some guy — who we'll refer to as "gun nut" – claimed that arming potential victims with gats causes violent crime to fall.  A best-selling book, Freakonomics (2005), said gun nut may have faked his data and, even if he didn't, others who "tried to replicate" his work couldn't.

Obvious libel, right?  Somebody find that man a lawyer!

The D.C. Circuit today upheld the Federal Communications Commission's authority to discipline a telephone service provider for wooing customers who decided to switch to a rival.  Verizon received customer change requests from alternative service providers (i.e., cable companies) and used the knowledge of impending customer losses to sweet talk the customers into staying.  The FCC concluded that Verizon's

The telephone company tells you it will give you low, low rates on your calls.  It even says you'll get the cheapest charges of all.

The nice salesperson has no clue how your rate plan stacks up against other customers' plans.  In fact, per the tariff it filed with the agency that regulates it, you will pay much

Blawgletter's unscientific survey of practicing lawyers confirms two things you would've expected — that mergers and acquisitions, real estate transactions, and other deals have fallen off the table while bankruptcy work has picked up.

But even in the bankruptcy up-tick lies a negative subtrend:  Our friends see more chapter 7 liquidations and fewer chapter 11 reorganizations.

The