Issue 12: November 9, 2022

Litigation

A federal jury in New York found the founder of electric truck maker Nikola Corp. guilty of securities and wire fraud. The charges stemmed from statements made about the company's technical achievements and progress in producing zero-emission trucks.

Regulation & Investigations

On November 3, a group of Republican Senators sent letters to 51 law firms about the firms' ESG practices. The letters raised antitrust concerns over clients' participation in ESG initiatives and stated that the firms and those clients should "take care to preserve relevant documents."

Regulation

The Netherlands' highest court recently ruled that a substantial carbon capture storage facility planned by major energy and chemicals companies could not proceed without an examination of the effects on nitrogen emissions, if any, that the project would have on the environment. The project had preceded on an exemption to that requirement that the Dutch government had