On October 12, 2023, Bailey Glasser prevailed in a lease royalty dispute on behalf of our client Wildcat Coal, LLC, obtaining a judgment of nearly $20 million. This dispute involved calculation of advance royalties in a coal mining lease. The judgment was issued by Judge Freudenthal of the United States District Court for the District of Wyoming.
The defendant, Bridger Coal Company, argued that it did not owe Wildcat any advance royalties despite a provision of the mining lease that obligated Bridger to mine at least 45% of its coal from Wildcat’s properties.
“We are glad that Wildcat will receive the advance royalties that Bridger agreed to pay under the lease,” said Bailey Glasser founding partner Brian Glasser, lead counsel in this case.
In addition to Mr. Glasser, the Bailey Glasser team included partners Leslie Brueckner, Jennifer Fahey, and Ben Schwartzman.
The Order granting judgment can be viewed here.
Today we announce that 42 Bailey Glasser lawyers have been recognized across various categories (including one as a “Lawyer of the Year”) in the 30th edition of The Best Lawyers in America® and the fourth edition of Best Lawyers: Ones to Watch in America®.
“Lawyer of the Year” honors are awarded annually to only one lawyer per practice area in each region with extremely high overall feedback from their peers, making it an exceptional distinction.
For more, follow this link.
Bailey & Glasser, LLP is representing and collaborating with clients Riverstone Credit Partners and Summit Partners Credit Advisors as they launch R3 Renewables, a joint venture with Peabody to develop new solar energy projects in Illinois and Indiana. The joint venture will pursue the development of more than 3.3 GW of solar photovoltaic and 1.6 GW of battery storage capacity over the next five years.
R3 Renewables will be engaged in the development of six potential sites on large tracts of land on, or near, previous coal mining operations in Indiana and Illinois. The portfolio size and strategic site locations, each of which is in close proximity to grid injection points, offers the potential for the development of the largest solar and battery storage projects in those states.
“I am proud of the work that Bailey Glasser did to help bring this innovative partnership to fruition,” said Jonathan Deem, a partner with Bailey Glasser who worked on this matter. “Peabody, Riverstone and Summit should be commended for taking bold action on renewables. We believe this new joint venture is poised to make history helping to form a more sustainable and reliable energy future.”
In addition to Deem, the Bailey Glasser team consisted of partners Brian Glasser, Kevin Barrett, and Marc Weintraub as well as lawyers Lorren Patterson, Fangyu (Fiona) Ye, and Amy Rubin.
Bailey Glasser lawyers worked closely with a team of lawyers from Simpson Thacher & Bartlett LLP on the R3 Renewables transaction.