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Chevron wins U.S. ruling on Ecuador's $19B pollution judgment

  • Chevron (CVX +0.5%) wins a U.S. judge’s ruling that a multibillion-dollar pollution judgment issued in Ecuador was obtained by fraud, making it less likely that plaintiffs will succeed in collecting the $9.5B award from the company.
  • The U.S. district judge in Manhattan says CVX provided enough evidence that plaintiffs secured the 2011 judgment by bribing a judge and ghostwriting court documents.
  • Ecuadorean villagers and activists working on their behalf argue CVX should be held financially responsible for pollution of the Amazon rainforest by Texaco from the 1960s through the 1990s, and an Ecuadorean court ordered the company to pay $19B, which was later reduced to $9.5B.
Comments (12)
  • BAHAMAS1
    , contributor
    Comments (1800) | Send Message
     
    Finally !

     

    Now to cut the u.s. court corruption on BP rulings which continue to be criminal !
    4 Mar, 11:00 AM Reply Like
  • JDDurango
    , contributor
    Comments (137) | Send Message
     
    Glad to get this out of the way.
    4 Mar, 11:05 AM Reply Like
  • FleetUSA3226
    , contributor
    Comments (695) | Send Message
     
    485 page ruling according to the WSJ. Well done Judge Kaplan
    4 Mar, 11:34 AM Reply Like
  • Michael Fitzsimmons
    , contributor
    Comments (8085) | Send Message
     
    Yup - it took a long time, but the rather obvious ruling has finally been reached.
    4 Mar, 11:45 AM Reply Like
  • epeon
    , contributor
    Comments (508) | Send Message
     
    I have followed this for some time. Yes, it was an obvious ruling.
    4 Mar, 12:00 PM Reply Like
  • doglesby
    , contributor
    Comment (1) | Send Message
     
    Finally, justice is done.
    4 Mar, 01:03 PM Reply Like
  • Former Citi Employee
    , contributor
    Comments (6) | Send Message
     
    Now they ought throw the attorney that orchestrated it in jail.
    4 Mar, 01:35 PM Reply Like
  • FleetUSA3226
    , contributor
    Comments (695) | Send Message
     
    Interest there isn't much of a pop in CVX today. I guess the ruling was totally expected.
    4 Mar, 02:02 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2567) | Send Message
     
    It was. I've been expecting it for at least three years.
    4 Mar, 07:14 PM Reply Like
  • slam stocks
    , contributor
    Comments (1270) | Send Message
     
    Glad this is finally over.
    4 Mar, 03:01 PM Reply Like
  • smurf
    , contributor
    Comments (3783) | Send Message
     
    Hope more of these banana republic heists bit the dust as well.
    4 Mar, 04:42 PM Reply Like
  • tommy2
    , contributor
    Comments (5) | Send Message
     
    Hopefully the higher courts won't touch this.
    4 Mar, 05:44 PM Reply Like
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