- Chevron (NYSE:CVX +0.3%) backs one of its legal foes into submission, as litigation consultancy H5, which had joined forces with U.S. plaintiffs' lawyers to attack CVX over oil contamination in Ecuador, says it is withdrawing from the conflict and assigning its 1.25% interest in a pending $9.5B Ecuadorian judgment to the company.
- Denying any wrongdoing and saying it had acted in good faith, H5 says it settled with CVX after reviewing the 2014 ruling by a U.S. district court judge who determined the Ecuadorian litigation had devolved into an extortion conspiracy against the company.