real-time news and commentary for investors
Thursday, Sep 26
Chevron rolls out Ted Olson in Ecuadorian pollution case
- You know a major corporation really cares about an appellate court argument when they bring out one of the bar’s big guns, and no gun is bigger than Ted Olson, the former U.S. solicitor general and noted Supreme Court advocate.
- Chevron (CVX) today rolled out Olson to convince a three-judge panel to clear the way for a civil racketeering suit it wants to start next month against plaintiffs’ attorney and environmental activist Steve Donziger.
- The real question was the future of the $19B oil pollution verdict imposed on CVX by an Ecuadorian court in 2011, engineered by Donziger, who wants to get the U.S. district judge overseeing the racketeering suit, Lewis Kaplan, removed from the case.
- Late this afternoon, the court issued an order refusing to remove Kaplan; Chevron prevailed and Olson earned his fee.