Akin Gump Strauss Hauer & Feld LLP > New York, United States > Firm Profile

Akin Gump Strauss Hauer & Feld LLP > The Legal 500 Rankings

Finance > Restructuring (including bankruptcy): corporate Tier 1

Akin Gump Strauss Hauer & Feld LLP offers a sizeable team, well versed in out-of-court restructurings, strategic transactions and distressed and special situations. Clients range from official and informal creditors’ committees and companies to institutional investors. The practice is led by the experienced Ira Dizengoff, renowned for his representation of bondholders, noteholders and hedge funds, across an array of sectors including media and entertainment, gaming, hospitality and health care. The team leverages its international offices, furthering its expertise on cross-border insolvency, restructurings and disputes.  The combination of knowledge from both the New York and London offices broadens its cross-border creditor side expertise. It represents clients such as Brooks Brothers, CEC Entertainment, Nordic Aviation and Dean Foods. Notable work includes its representation of Intelsat Jackson Ad Hoc Croup within the Chapter 11 cases of Intelsat S.A. and its affiliated debtors and debtors-in-possession relating to a total of $14.7bn in debt. Notable individuals assisting the case, alongside Dizengoff, include Scott Alberino, Abid Qureshi, Brad Kahn, Kate Doorley, Ben Taylor and Alex Antypas. All lawyers mentioned are in New York.

Government > Government relations Tier 1

A leader in the lobbying and public policy spaces, Akin Gump Strauss Hauer & Feld LLP maintains one of the country’s largest and diverse bipartisan practices in the market. The Washington DC-based team fields expertise from both lawyers and advisers who have both experience in elected offices, as senior staff members of Congress, and in the executive branch of the government. The public law and policy practice at the firm also maintains close relationships with regulators and lawmakers, offering clients a full wrap-around service encompassing legal support, strategy, and lobbying. Tax, trade, health, and financial services are a key areas of expertise for the team, as well as Native American law, energy, and environment. The practice is co-led by intellectual property and and international trade dispute expert Brian Pomper; and transport, tax, and technology specialist Hunter Bates. The team has seen continued growth during 2021, adding international trade, and health and food policy expertise to the already deep bench of individuals. The firm was active in assisting clients in the healthcare sector during and post COVID-19 pandemic, and a destination for companies navigating US/China international trade matters. Arshi Siddiqui has extensive political, private-sector, and policy experience, acting as counsel for both members of the House, and corporate clients before Congress. Ed Pagano is notable for their communications, technology, antitrust, and immigration reform expertise.

International Trade > International trade Tier 2

Industry focus > Education Tier 2

At Akin Gump Strauss Hauer & Feld LLP, the education practice is now led by Michael Vernick and has a strong dispute resolution background across Title IX matters and misconduct issues. Based in Washington, DC, the practice works closely with its global investigations and compliance group on complex litigation and internal investigations for universities and healthcare sector clients. The team is also active in cyber security and data issues. Counsel Marta Thompson, who joined the team from Hogan Lovells US LLP in July 2021, has a specialism representing higher education institutions in foreign influence investigations. In New York, Estela Diaz handles investigations in relation to misconduct and is a credited Title IX investigator.

Industry focus > Energy transactions: oil and gas Tier 2

Akin Gump Strauss Hauer & Feld LLP’s oil-and-gas transactional practice is led by the experienced John Goodgame, who is well regarded for strategic and capital-raising transactions in the energy sector. The firm’s broad engagement in the area includes matters involving oil and gas, petrochemicals, liquefied natural gas, coal, utilities, renewables and energy transition matters on behalf of public and private companies, sponsors, portfolio companies and management teams and investors from upstream to down. A key name in the team is David H. Sweeney, whose expertise ranges from exploration, production and processing to infrastructure and monetization; both he and Goodgame are based in Houston.

Industry focus > Native American law Tier 2

Akin Gump Strauss Hauer & Feld LLP has great experience in acting for tribes, and is overseen by Donald R Pongrace  in Washington, DC. An experienced group of practitioners who previously served in federal agencies including the Interior Department and the National Indian Gaming Commission, the team advises tribal governments on sovereignty issues, economic development, and has a specialism in land and water rights settlements. Allison Binney, who previously served as chief counsel to the U.S Senate Committe on Indian Affairs is the key contact for defending tribal government before tribal courts and federal agencies on land, tax, and gaming matters. Senior counsel Katie Brossy  is also recommended, as is Merrill Godfrey, who handles high-stakes litigation for Indian tribes across the United States. The practice also focuses on assisting tribal clients on diversifying their business away from casinos to renewable energy projects and accessing emerging markets in South America. For economic issues, Jason Hauter is the name for development on American Indian lands, particularly water resource and management. Brette Pena joined the group from the U.S District Court- Oklahoma Northern Circuit.

Media, technology and telecoms > Media and entertainment: transactional Tier 2

A go-to firm in Los Angeles for financial investors in film, television, and digital media, the team at Akin Gump Strauss Hauer & Feld LLP advises its clients on complex transactions including M&A and joint ventures. Chris Spicer leads the practice, counselling companies additionally on distribution and production matters in the US, Southeast Asia, and the Middle East. His colleague Marissa Román Griffith guides both established and new market players through complicated transactions. With Vanessa Roman the team includes a specialist on single project loans and credit facilities in the entertainment sector. Additionally, Alissa Miller is an expert on transactions between independent movie production companies and financial institutions. Further recommended for his expertise in digital distribution is associate Christopher Maddox. John Burke has retired from the firm.

International Trade > International trade Tier 2

Akin Gump Strauss Hauer & Feld LLP 'handles all trade matters with tremendous expertise and insight'. A worldwide force in international trade law, the US group forms part of an enviably broad global network that leans on well-staffed platforms in Beijing, Dubai, Geneva, Hong Kong, London and Singapore. Sources also reserve praise for its 'unusually strong depth of expertise', which is evidenced by its ability to cover the waterfront on trade issues, from trade policy and remedy matters, through to export controls and CFIUS work. Matthew Nicely is a go-to expert for trade remedies and policy and is leading the firm's representation of HMTX Industries, and over 6000 additional plaintiffs, in a marquee challenge to the US government's Section 301 tariffs on Chinese goods. Former Assistant Secretary of Commerce for Export Administration Kevin Wolf specializes in export controls and national security issues; he is highlighted by sources for his 'keen practical insights on how the government makes decisions'. Department head Thomas J McCarthy is 'a seasoned practitioner' and has an emphasis on export controls, CFIUS work and sanctions programs. CFIUS practice head Christian C Davis, customs lead Lars-Erik A Hjelm and trade litigator Bernd Janzen are also experienced names. Suzanne Kane, who sits in the customs practice, is an impressive up-and-coming partner. Named attorneys are based in Washington DC.

Dispute resolution > Appellate: courts of appeals / Appellate: supreme courts (states and federal)

Akin Gump Strauss Hauer & Feld LLP‘s group consistently appears before the US Supreme Court as well as state and federal courts of appeal. At the Supreme Court level, the firm is recognized for its presence in human rights-related matters, demonstrated by its recent involvement in cases dealing with immigrant communities, Native Americans and LBGTQ+ rights. The group is additionally well known for its strength in IP, health, labor and restructuring-related issues. Pratik Shah has argued 15 cases before the Supreme Court and is noted for his specialist expertise in IP, regulatory and Native American law matters. James E. Tysse is also a senior name; in a high-profile win in the Eleventh Circuit, he acted alongside co-counsel at Harvard Law School and the Center for Constitutional Rights to successfully represent the families of eight members of the Indigenous community in Bolivia who were among unarmed civilians massacred by military forces in 2003. Julius Chen is noted for his focus on administrative and constitutional law, financial restructuring, IP and Native American tribes. The group was bolstered in 2021 with the arrival of San Francisco-based senior counsel Aileen McGrath, who joined from the San Francisco City Attorney’s Office, where she served as co-chief of appellate litigation. Named attorneys are based in Washington DC unless stated otherwise.

Dispute resolution > Corporate investigations and white-collar criminal defense

Akin Gump Strauss Hauer & Feld LLP’s white-collar defense and government investigations department acts for financial institutions, broker-dealers and private investment funds, as well as senior executives. It has particular experience in securities and commodities matters, and in investigations and enforcement issues. Washington DC’s Charles Connolly is a name to note for financial fraud, Foreign Corrupt Practices Act (FCPA) issues, Bank Secrecy Act (BSA) matters, corruption and anti-money laundering; he heads the team alongside Michael Asaro and James J Benjamin, Jr. Ian McGinley joined from the US Attorney’s Office for the SDNY in September 2021, whilst Doug Maynard left for an in-house role at GTT Communications. Attorneys are based in New York unless otherwise stated.

Government > Government contracts Tier 3

Akin Gump Strauss Hauer & Feld LLP stands out for its high-end transactional work. In particular, the firm excels at advising infrastructure, project development and public-private partnerships for domestic and international public and private sector clients in public procurements and contract negotiations. Representing large contractors in the technology, aerospace, and defense sectors, the team is adept at representing clients in False Claims Act matters and investigations, as well as providing due diligence and compliance counselling. The team is under the new leadership of Michael Vernick, who is notable for his education sector expertise, particularly in FCA litigation and internal investigations. Policy specialist Angela B Styles and private equity specialist Scott Heimberg are key members of the team. Marta Thompson joined the team in 2022 from Hogan Lovells US LLP, and regularly represents clients in government investigations involving federal grants, contracts, and cooperative agreements. Susan H. Lent is also a name of note in the team, particularly for infrastructure projects. All practitioners are based in Washington DC.

Industry focus > Energy: renewable/alternative power Tier 3

Led from Houston by Matt Kapinos, Akin Gump Strauss Hauer & Feld LLP has a strong reputation acting on behalf of sponsors, commercial and investment banks and other financial institutions, private equity funds, contractors and developers on the development, financing, and M&A work associated with domestic and international renewable power projects throughout the value chain. Renewable energy tax credit advice and alternative power project acquisition and finance deals are the core areas of activity for the department, which is based between Texas and California. Kapinos primarily focuses in the energy and infrastructure sectors, handling a range of project development, M&A and strategic joint ventures in the renewable power space. Based in Los Angeles, Dan Lynch is best known for his experience in project finance matters. The department was impacted by the recent departure of a number of key partners including John Marciano to Allen & Overy LLP.

Investment fund formation and management > Alternative/hedge funds Tier 3

With seasoned practitioners Stephen Vine and Prakash Mehta at the helm, Akin Gump Strauss Hauer & Feld LLP remains a go-to advisor for innovative start-ups in the hedge fund space; in conjunction such clients, the firm recently established Fund in-Formation – a comprehensive, online resource which provides investment managers with a platform and structure for intelligent decision making and increased efficiency. The group is also noted for representing private fund managers focused on credit investing and creating cutting-edge structures to address liquidity and tax issues. The spring and summer of 2021 marked a period of growth for the team, with Brian Daly (formerly of Schulte Roth & Zabel LLP), John Hamilton (formerly of Stradley Ronon Stevens & Young, LLP) and Terence Rozier-Byrd (formerly of Baker Botts L.L.P.) arriving to join the practice heads at the New York office.

Investment fund formation and management > Private equity funds (including venture capital) Tier 3

Akin Gump Strauss Hauer & Feld LLP is known as a destination firm for emerging market funds work; Prakash Mehta has been instrumental in the firm’s expansion into Asia, and currently oversees the India practice, as well as acting as joint leader of the investment management group. His counterpart, Stephen Vine, focuses exclusively on private investment funds and their managers, and provides expert advice on the gamut of fund formation and capital raising issues. Both co-heads are based in the New York office, which saw significant team growth in the spring and summer of 2021 following the arrival of of seasoned attorneys Brian Daly from Schulte Roth & Zabel LLP and Terence Rozier-Byrd from Baker Botts L.L.P., bringing additional transactional, regulatory and operational expertise to the offering. Dennis P. Pereira  is another key member of the team, with particularly strong fundraising expertise. Other areas of strength for the offering include credit funds, secondaries and institutional investor representations.

Labor and employment > Labor and employment disputes (including collective actions): defense Tier 3

Akin Gump Strauss Hauer & Feld LLP has notable experience in class and collective actions, often representing large corporations from the retail, food and drink, sports and services industries. The team, which is led by Washington DC-based Bob Lian, acts in wage and hour class actions, labor issues and Equal Employment Opportunity (EEO) disputes. Supporting these efforts is Daniel L Nash, a recognized litigation lawyer, with arbitration and litigation specialists Stacey Eisenstein and Esther G Lander also noted in Washington DC. In charge of the Los Angeles office is Gregory W. Knopp, who has experience in PAGA claims. Donna Mezias in San Francisco is a key contact for California labor and employment matters. Gary McLaughlin departed in September 2021 to Mitchell Silberberg & Knupp LLP.

Labor and employment > Workplace and employment counseling Tier 3

Akin Gump Strauss Hauer & Feld LLP handles complex and sensitive legal problems, from nationwide wage and hour class actions and equal employment opportunity (EEO) disputes to complex labor controversies and high-profile arbitration proceedings. The team is led by Washington DC–based partner Bob Lian, who deals with complex employment litigation, Occupational Safety and Health Administration (OSHA) matters and whistleblower work. Lauren Leyden in New York has represented hedge funds, food producers and private equity funds in high-value acquisitions and restructurings.

M&A/corporate and commercial > Corporate governance Tier 3

M&A/corporate and commercial > Shareholder activism Tier 3

Based in New York, the experienced team at Akin Gump Strauss Hauer & Feld LLP assists high-profile investment funds and large companies with a wide range of matters, such as takeover preparedness, campaigns and activism-related litigation and investigations. Practitioners also handle activism defense for public companies. Kerry E Berchem leads the team, which includes key litigator Douglas A. Rappaport. Jeff Kochian and Gerald Brant joined Paul, Weiss, Rifkind, Wharton & Garrison LLP in late 2021.

Media, technology and telecoms > Cyber law (including data privacy and data protection) Tier 3

Based in San Francisco and Dallas, Akin Gump Strauss Hauer & Feld LLP‘s cybersecurity, privacy and data protection practice particularly stands out for its breadth, and is regularly sought out by companies needing to update their privacy policies in connection to the California Consumer Privacy Act, seeking representation in privacy and cybersecurity disputes, including data breach class actions as well as assistance in government and internal investigations. Regulatory advice and compliance are also strong areas, alongside transactional work. Natasha Kohne in San Francisco is an expert in the retail, health, financial services and energy sectors and co-heads the department together with Michelle Reed in Dallas, who specializes in privacy and security risk assessments and procedures to mitigate privacy and cybersecurity threats. Jo-Ellyn S. Klein is a key contact in Washington DC.

Antitrust > Merger control Tier 4

Akin Gump Strauss Hauer & Feld LLP focuses on securing merger clearance for complex, multi-stage transactions, including those requiring regulatory and antitrust clearance in multiple jurisdictions. The practice handles merger review and investigations by the DOJ and FTC, and also litigates effectively, notably representing Peabody Energy in the FTC’s case against its merger with Arch, a high-level involvement for accomplished antitrust litigator Gorav Jindal. Areas of strength for the firm include energy, financial services, electronics, and retail. Practice head Corey Roush  has litigated before the DOJ and FTC, and continues to lead on high-value deal clearances, representing 7-Eleven in securing FTC clearance for its $21bn acquisition Speedway, as well as notably securing clearance without a Second Request for Kingston Technology’s sale of its HyperX division to HP. Former FTC official Haidee L. Schwartz offers significant insight to clients on the agency’s strategies as well as providing support on merger clearances and investigations. Counsel Brian Rafkin joined from Dechert LLP in June 2021 and specializes in defending companies in litigated merger challenges. All attorneys mentioned are in Washington DC.

Dispute resolution > General commercial disputes Tier 4

Akin Gump Strauss Hauer & Feld LLP is well versed in disputes in connection with investment funds, hedge funds and financial restructuring. Its client portfolio further sees a range of national corporations, which the firm can support from several offices. Team leader Stephen M. Baldini in New York also is a key contact for private equity and hedge funds in their contentious matters, while the Dallas-based M. Scott Barnard takes on business torts, fraud actions, and commercial contract disputes. Los Angeles’ Neal Ross Marder is noted for his consumer class action know-how. Anthony T. Pierce from the Washington DC and Seamus C Duffy in Philadelphia are also highlighted.

Dispute resolution > Securities litigation: defense Tier 4

Akin Gump Strauss Hauer & Feld LLP is highly regarded for representing leading financial institutions and public companies, including private investment funds, broker dealers, and public accounting firms, in private litigation arising under the federal securities and commodities laws, as well as related investigations and enforcement proceedings. The firm’s securities litigators regularly collaborate with its market-leading hedge fund and private equity fund advisory practice to handle cutting-edge litigation issues, such as short-swing trading claims for investment funds. Practice head Stephen M. Baldini in New York led the defense of a special committee of Eastman Kodak directors in investigations related to trading and stock options grants in advance of a public news announcement that the company had entered into a letter of interest concerning a loan from the United States Development Finance Corporation (DFC). M. Scott Barnard and Michelle Reed in Dallas also play key roles in the practice. In New York, the team gained emerging partner talent Uri Itkin from Kasowitz Benson Torres LLP in May 2022.

Finance > Capital markets: debt offerings Tier 4

Akin Gump Strauss Hauer & Feld LLP remains best known for its work in the energy sector with strong capital markets specialists in Houston and Dallas, though with the further growth of the New York office it is developing its spread of engagements across a number of industries, most notably through New York partner Rosa A. Testani. The capital markets group has a particularly strong record in high-yield debt and in transactions linked to refinancings, liability management and corporate restructuring exercises. Houston partner John Goodgame is co-head of the securities practice and an experienced figure in energy sector capital markets offerings, including those by master limited partnerships (MLPs). Dallas partners Garrett DeVries and Seth Molay are also key names, along with Christine B LaFollette in Houston.

Finance > Capital markets: high-yield debt offerings Tier 4

Akin Gump Strauss Hauer & Feld LLP is noted for high-yield debt offerings linked to acquisition financings for M&A and private equity transactions. The firm’s traditions in the energy sector also bring it a number of high-yield debt engagements, as does its prominence in restructurings. Entertainment is another key sector for the team. Houston partner Christopher Centrich is experienced in high-yield debt offerings in the energy sector. Dallas partners Garrett DeVries and Alan Laves are also key names, along with New York’s Rosa A. Testani.

Industry focus > Sport Tier 4

Akin Gump Strauss Hauer & Feld LLP is particularly known for its strong expertise in assisting professional sports teams, leagues and organisations with complex labor and employment issues and litigation. In a recent highlight, the group represented the NFL in a nationwide putative class action brought by retired players for injuries allegedly caused by the use of painkillers and other prescription drugs during their playing careers. Washington DC-based Daniel L Nash, who is especially sought after to represent professional sports clients in high-profile arbitration and court cases, leads the practice.

Intellectual property > Patents: litigation (International Trade Commission) Tier 4

Akin Gump Strauss Hauer & Feld LLP‘s ITC practice operates as an integral part of the firm’s wider patent litigation service, making the group an interesting choice for clients seeking one-stop-shop representation. The group is able to secure favorable verdicts and appellate wins at the ITC, PTAB as well as in federal court. Its bench of practitioners offers technical and scientific backgrounds which keep attracting renowned players from the technology, manufacturing and electronics sectors. The firm’s main ITC experts are Washington DC duo Cono Carrano and David Vondle.

Antitrust > Civil litigation/class actions: defense Tier 5

Akin Gump Strauss Hauer & Feld LLP sports an antitrust and competition practice that encompasses the representation of companies from a variety of industries in both class actions and multi-district litigation. Corey Roush heads the department with extensive experience in the antitrust space with regular involvement in bet-the-company cases. Pharmaceuticals, chemicals, energy, technology, and consumer goods are among the sectors handled by Haidee L. Schwartz, while the expertise of C. Fairley Spillman extends to the intersection of antitrust with intellectual property. All mentioned attorneys are based in Washington DC.

Finance > Commercial lending Tier 5

Akin Gump Strauss Hauer & Feld LLP has a solid debt finance practice, which works closely with its restructuring and bankruptcy practice assist with debtor-in-possession financings and Chapter 11 cases. On the lender side, the firm focuses on assisting alternative lenders such as investment funds, while the borrower practice has a client portfolio that includes numerous energy and construction companies. The New York office is home to corporate practice co-head Zachary Wittenberg, in addition to Scott Welkis and Meng Ru. John Goodgame leads the Houston team.

Intellectual property > Patents: litigation (full coverage) Tier 5

Akin Gump Strauss Hauer & Feld LLP offers a prominent patent litigation practice, which shows particular strength in the life sciences, representing both plaintiffs and defendants, and advising big names in the industry such as Johnson & Johnson, Boston Scientific, and 3M. In addition, the group also represents major technology and electronics companies, maintaining a steady activity in federal courts, the ITC and the PTAB. Philadelphia’s Steve Maslowski steers the practice, which also operates from its patent hubs in Washington DC with Cono Carrano and Brandon Rash; New York with Michael Kahn; and Irvine with Kevin McBride. This last office was reinforced in 2021 with the arrival of Paul Tripodi from Wilson Sonsini Goodrich & Rosati. Texas-based associate Andy Rosbrook is another name to note.

Real estate Tier 5

Based in Texas, Akin Gump Strauss Hauer & Feld LLP represents prominent investment funds REITs and private equity houses, in connection with development and leasing of data centers, hotels, office and industrial properties. Firmwide, it is also experienced in handling retail, education, senior living and multifamily properties. Fort Worth’s Marc Epstein  and Dallas’ John Bain are they key contacts.

M&A/corporate and commercial > M&A: large deals ($1bn+) Tier 6

The corporate team at Akin Gump Strauss Hauer & Feld LLP supports clients on major M&A deals, buyouts, private debt investment, distressed transactions, SPAC deals and shareholder activist affairs. New York-based Zachary Wittenberg co-leads the practice alongside John Goodgame, a Houston lawyer who is especially well-accomplished within the energy sector; their team serves as general counsel to a number of companies, boards and executives and is also reputed for its investment fund representation.

Tax > US taxes: non-contentious Tier 6

Fielding teams across several major regional hubs, Akin Gump Strauss Hauer & Feld LLP is widely praised by clients for its capabilities in big-ticket corporate deals and restructurings, working with a diverse array of entities from the worlds of asset management, energy, entertainment, and consumer goods. In New York, practice co-heads Stuart E Leblang  and Patrick B Fenn are recommended for their respective expertise in regulatory frameworks and acquisition structuring, while Olivier De Moor is noted for his investment fund capabilities.  In Texas, Houston-based Alison Chen  anchors the firm’s MLP tax offering, working with various energy sector players on transactions and restructurings. Shariff Barakat, a domestic infrastructure and renewable energy tax specialist, joined the Washington DC office from Nixon Peabody LLP in September 2021, and Julia Pashin the Dallas office from Shearman & Sterling LLP in early 2022. Ron Nardini and Stuart Sinclaire have left the practice.

Dispute resolution > Securities litigation: plaintiff

Latin America: International firms > Capital markets Tier 4

Latin America: International firms > Corporate and M&A Tier 5

Akin Gump Strauss Hauer & Feld LLP has a substantial focus on Latin America, primarily from its Houston, New York and Los Angeles offices, with additional public law and policy expertise provided by the Washington DC office. The Latin America group is focused on energy, including oil and gas, along with energy transition and renewables transactions. It is also noted for corporate restructurings in the region. The hire of New York partner Sergio Urias from Covington & Burling LLP in June 2022 brings additional senior-level Latin America private equity and M&A experience. Houston’s Matt Kapinos is a key partner.

Latin America: International firms > Projects and energy

Akin Gump Strauss Hauer & Feld LLP's substantial presence in Houston has brought it considerable success in Mexico’s oil and gas and broader energy industries. The firm has also built-out its record in LNG projects across the Latin America region. In the energy-transition segment, it has achieved further growth in LNG, solar, wind and green hydrogen projects. Matt Kapinos is an experienced figure in Latin America energy and infrastructure projects and M&A transactions. Also an energy specialist, Gabriel Procaccini has particular expertise in midstream oil projects and LNG. Both are based in Houston.

India > Foreign firms

Akin has a particular focus on funds work in India and has over two decades of experience in the region. The team is led by Prakash Mehta in New York and John Holton in London, and draws on strength from its global network to advise hedge funds and private equity funds on investments in South and Southeast Asia.

Latin America: International firms > City Focus - Houston

Akin Gump Strauss Hauer & Feld LLP 's substantial presence in Houston has brought it considerable success in Mexico’s oil and gas and broader energy industries. In the energy transition segment, it has achieved further growth in LNG, solar, wind and green hydrogen projects. Moreover, it has continued to build-out its estimable record in LNG projects right across Latin America. Matt Kapinos is an experienced figure in Latin America energy and infrastructure projects and M&A transactions. Gabriel Procaccini is another energy specialist with particular expertise in midstream-oil projects and LNG. Both are based in Houston.