- After this week's scathing setback in a U.S. court, Ecuadorean villagers trying to get billions of dollars from Chevron (CVX) for pollution in the Amazon rainforest are ready to refocus on pending suits in other countries.
- While the U.S. district judge's decision will bar enforcement in the U.S. of the $18B judgment against Chevron in Ecuador because the villagers' American lawyer used "corrupt" means, it is not binding in cases elsewhere.
- Of cases pending in Canada, Brazil and Argentina, the Canadian case seems to have progressed the farthest, with an Ontario appeals court in December ruling that Canada should be a forum to hear Ecuadoreans' claims.
- The Patton Boggs law firm that assisted the U.S. lawyer trying to enforce the Ecuador judgment has suggested 24 countries where the plaintiffs could potentially find better luck.
- Chevron hopes this week's ruling will be a game changer for the remaining cases, but those cases could take several more years to fully play out.
From other sites
at CNBC.com (Fri, 4:46PM)
at MarketRealist.com (Mar 25, 2015)
at 4-traders.com (Mar 24, 2015)
at Zacks.com (Mar 23, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs