Seeking Alpha

Steven Donziger suffers another setback in his feud with Chevron (CVX) as his lawyer John Keker...

Steven Donziger suffers another setback in his feud with Chevron (CVX) as his lawyer John Keker quits, saying Donziger owes him some $1.4M in unpaid legal fees. CVX is suing Donziger for allegedly creating a story about polluted rainforests and poisoned Ecuadorian villagers in an effort to extract a multibillion dollar settlement from the energy giant. Last month, the consulting firm whose supposedly independent research was the basis for Donziger's claim, disavowed its own report after CVX sued it for racketeering. CVX "can afford to litigate this case until hell freezes over," Keker says, "but Donziger can't."
Comments (4)
  • hwood007
    , contributor
    Comments (1207) | Send Message
    My understanding of this case is it was a scam from day one.
    3 May 2013, 11:17 PM Reply Like
    , contributor
    Comments (7) | Send Message
    Most of these cases involving alleged environmental pollution in largely uninhabited areas are scams.
    4 May 2013, 02:01 AM Reply Like
  • smurf
    , contributor
    Comments (3783) | Send Message
    The Chavez-Lite semi-dictator Correa is behind all these bogus claims.
    4 May 2013, 09:20 AM Reply Like
  • FreeStateYank
    , contributor
    Comments (803) | Send Message
    Smurf, I think it's actually some US attorneys who made the lawsuit suggestion and found a receptive audience in Ecuador. Someone got one of the plaintiffs attorneys on tape admitting the scam. I watched it a while back.


    Here's the strangest part of all, it's my understanding that Texaco/Chevron made good on their responsibilities. However, since Ecuador was nationalizing assets, the final deal was that Ecuador would be responsible for cleanup around the areas they were taking over and were still productive. So, they pulled a fast one to nationalize, and now are reneging on the deal to clean up their own mess. Don't ya just love these leftists?
    4 May 2013, 05:45 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: