DEAL NOTE: Crowell & Moring Advises Payload in $650,000 Seed Round Financing

Washington: Crowell & Moring secured a U.S. Supreme Court victory on behalf of the Alliance for Responsible Atmospheric Policy (ARAP) and the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) when the Court denied RMS of Georgia’s petition for writ of certiorari in RMS of Georgia v. Environmental Protection Agency. This ruling preserves a favorable decision by the U.S. Court of Appeals for the District of Columbia Circuit regarding implementation of the American Innovation and Manufacturing Act (AIM Act). The AIM Act provides for the phasedown of the use of hydrofluorocarbons (HFC) based on their high global warming potential. HFCs are used in many important sectors of the economy including air-conditioning and refrigeration, insulating foams, industrial solvents, aerosol sprays, and laboratory equipment. ARAP and AHRI, as associations representing businesses that produce and use HFCs and their replacements, have a vital interest in the orderly implementation of the AIM Act....