Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York, on behalf of purchasers of CNOOC Limited American Depositary Shares between January 27, 2011 and September 16, 2011, inclusive, seeking to pursue remedies under the Securities Exchange Act of 1934. CNOOC, through its subsidiaries, engages in the exploration, development, production and sale of crude oil, natural gas and other petroleum products. The Company owns oil and natural gas properties in Asia, Oceania, Africa, the Americas and offshore China – including the Penglai 19-3 (“PL19-3”) oilfield situated in northern China’s Bohai Bay.

The Complaint alleges that defendants misrepresented or failed to disclose material adverse facts about the Company’s business and financial results, including that: (i) the Company was not in compliance with environmental laws and regulations; (ii) the Company concealed the extent and severity of oil spills that occurred at the PL19-3 oilfield in June 2011; (iii) as news of the oil spills emerged, the Company downplayed its responsibility to effect the cleanup of the oil spills, portrayed itself as being the “non-operator” of the oilfield and, moreover, hindered the cleanup by requiring the operator of the oilfield to use a CNOOC-affiliated company for the cleanup; (iv) the Company improperly accounted for its contingent liabilities in violation of Generally Accepted Accounting Principles (“GAAP”); and (v), based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company’s operations and its expected oil production.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased the ADSs of CNOOC between January 27, 2011 and September 16, 2011, you have certain rights, and have until April 29, 2012 to move for lead plaintiff status. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent class member.

www.glancylaw.com

Sidley Austin LLP is pleased to announce that Timothy J. Moran will join the firm as a partner in the project finance practice in Washington, D.C. Mr. Moran's practice focuses on infrastructure project development and finance, where he represents lenders, project sponsors and developers in the development, financing, acquisition and sale of infrastructure projects located in North America, Central and South America, Europe, the Middle East and Africa. Mr. Moran's projects include alternative energy (wind, solar and biomass), coal and natural gas-fired facilities, natural gas storage facilities, LNG projects and natural gas pipelines.

"Tim's level of experience in project finance will be instrumental as we continue to expand the firm's ability to represent clients on what are certainly going to be important undertakings in the global economy," said Carter G. Phillips, Managing Partner of the Washington, D.C. office of Sidley, and a member of the firm's Management Committee. "He has a highly respected and very dynamic project finance practice that fits perfectly with the firm's significant expansion of its energy practice, as well as our enhancement of project finance capabilities. Tim's practice will be a wonderful complement to our newly established Houston office."

"Sidley provides an ideal opportunity for me to grow my practice on an international platform that is already successful but very well equipped for new opportunities," said Mr. Moran. "I look forward to working with the project finance team in Washington, New York, Houston and Los Angeles, as well as Sidley's highly regarded energy and environmental lawyers in Washington and Houston."

Mr. Moran represents lenders in construction and term financings and equity investors in private placements and tax-based equity investments. Mr. Moran is currently representing both developers and lenders in the structuring and financing of wind, solar and mid-stream oil and gas projects, to be located in the U.S., Latin America and Canada.

With respect to developers, Mr. Moran has represented both large and small sponsors in the development and financing of infrastructure projects throughout North America, Central America, South America, China and numerous countries in Europe and Africa. He has also represented developers in connection with bids on more than 90 major power facilities, acquisitions of individual and portfolios of power facilities, and of gas storage facilities and pipelines. Mr. Moran has also represented developers and lenders in asset sales, as well as whole and partial sales of interests in energy-related companies.

www.rubenstein.com

A bus driver was acquitted Tuesday of homicide charges in the deaths of four passengers killed when his double-decker crashed into an overpass in upstate New York.

A judge announced the verdict after a non-jury trial for 60-year-old John Tomaszewski of Yardville, N.J. Tomaszewski would have faced up to four years in state prison on each of four counts of criminally negligent homicide. He sat with his head bowed and showed no reaction as Onondaga County Court Judge Anthony Aloi read the verdict.

"It was a tragic accident and four people lost their lives," Tomaszewski said as he left court. "It's something I'll have to deal with the rest of my life."

There were 29 passengers on the Megabus when the top of the bus hit the railroad bridge in Salina, just outside Syracuse, early on the morning of Sept. 11, 2010.

Tomaszewski was driving from Philadelphia to Toronto with a planned stop at the Regional Transportation Center in Syracuse when he missed an exit from Interstate 81 and ended up on the parkway instead.

Assistant District Attorney Chris Bednarksi said during the trial that Tomaszewski was using a personal GPS device as he tried to find his way to the bus station and passed 13 low-bridge warning signs, some with flashing yellow lights, before the wreck.

A federal judge blocked police in Arizona from enforcing a section of the state's 2010 immigration enforcement law that prohibited people from blocking traffic when they seek or offer day labor services on streets.

U.S. District Judge Susan Bolton ruled Wednesday that groups seeking to overturn the law will likely prevail in their claim that the day labor rules violate the First Amendment. She rejected arguments by the state that the rules were needed for traffic safety and pointed out that the law, also known as SB1070, says its purpose is to make attrition through enforcement the immigration policy of state and local government agencies.

"This purposes clause applies to all sections of SB1070, and nowhere does it state that a purpose of the statutes and statutory revisions is to enhance traffic safety," the judge wrote.

The ban was among a handful of provisions in the law that were allowed to take effect after a July 2010 decision by Bolton halted enforcement of other, more controversial elements of the law. The previously blocked portions include a requirement that police, while enforcing other laws, question people's immigration status if officers suspect they are in the country illegally.

The U.S. Supreme Court has agreed to hear Gov. Jan Brewer's appeal of Bolton's decision to put the most contentious elements of the law on hold. Another appeals court has already upheld Bolton's July 2010 ruling.