Chevron (CVX) fails to persuade a NY federal judge to find an $18B billion judgment by an...

Chevron (CVX) fails to persuade a NY federal judge to find an $18B billion judgment by an Ecuador court unenforceable, leaving an injunction against the award in place pending further litigation. As part of his ruling, the judge found an expert report recommending billions in damages against CVX was potentially fraudulent.
From other sites
Comments (5)
  • smurf
    , contributor
    Comments (5776) | Send Message
    If the judge found the report potentially fraudulent, why did he rule as he did?
    31 Jul 2012, 09:15 PM Reply Like
  • 4n7sjkl
    , contributor
    Comments (89) | Send Message
    Because it has not yet proven, I guess.
    31 Jul 2012, 09:29 PM Reply Like
  • chris293
    , contributor
    Comments (258) | Send Message
    How much did the first oil company, Texaco and now
    Chevron add to the health, education, and benefit or modernize the country of Ecuador. They must have done something, after all they now have lawyers there to sue them. If the lawyers aren't from Ecuador, it might just be the money, you think?
    1 Aug 2012, 01:47 AM Reply Like
  • Joni5141
    , contributor
    Comments (5) | Send Message
    Looks like more waiting for bottom line.
    1 Aug 2012, 03:46 AM Reply Like
  • hwood007
    , contributor
    Comments (1195) | Send Message
    my guess it is a stick up.
    1 Aug 2012, 07:54 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
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