Week in Review

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Regulatory news in review

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  • The EPA issued a proposed rule revising the Land Disposal Restrictions treatment standards to provide more flexibility and certainty to those who treat the disposal of certain hazardous wastes from the production of carbamates.
  • The Securities and Exchange Commission (SEC) found that investors in one of Allen Stanford’s many companies were entitled to a SIPA liquidation to restore the investors’ losses from Stanford’s alleged Ponzi scheme. Because the divisions between Allen Stanford’s companies were sufficiently blurred, these investors could recover even though the financial instruments they bought originated in a different Stanford company.
  • EPA found “insufficient” the U.S. State Department’s current environmental review of the Keystone XL pipeline, which would move crude oil from Alberta, Canada to refineries in Texas.
  • Highlighting concerns of an anti-competitive market, California’s Public Utilities Commission (CPUC) voted to investigate the proposed AT&T and T-Mobile merger, which if it goes forward would lead to one company controlling over 47 percent of the state’s wireless market.