Bernstein Liebhard Formalizes Mining, Oil and Gas and Natural Resources Dispute Group
Mining, oil and gas, and natural resources disputes abound.
Whether you are a private investor, hedge-fund, private-equity fund, or another mining and/or oil and gas company, invariably issues arise in natural resources ventures. These disputes involve, among other things, ownership, control, exploration, development and operations, joint venture partners, and construction issues.
Bernstein Liebhard has now formalized its mining, oil and gas and natural resources dispute group, which is being led by Seth Ottensoser. The Firm has successfully represented participants in litigation relating to natural resources ventures on a contingency basis. For example, in City of Austin Police Retirement System v. Kinross Gold Corp. et al., No. 12-CV-01203-VEC (S.D.N.Y.), a team of Bernstein Liebhard lawyers, led by Seth Ottensoser, recovered $33 million for investors in connection with investments in a company that owned a gold mine in Mauritania, West Africa. The litigation involved allegedly false and misleading statements relating to the development plan and timeline of the mine. The firm’s mining expertise, along with the utilization of top-of-the-line financial, mining and geological experts, brought the case to a successful ending. In In re Royal Dutch/Shell Transport Securities Litigation, No. 04-374 (D.N.J. 2008), Bernstein Liebhard recovered hundreds of millions of dollars relating to reclassification of oil and gas reserves that negatively affected the value of Royal Dutch/Shell Transport securities.
If you have any mining, oil and gas, and/or other natural resources related disputes, please contact Seth Ottensoser (Ottensoser@bernlieb.com). The Firm is always interested in situations where investors and other participants in natural resources ventures believe that they have been aggrieved.