More problems for Chevron (CVX) in South America, as a Brazilian prosecutor says he plans to...

|About: Chevron Corporation (CVX)|By:, SA News Editor

More problems for Chevron (CVX) in South America, as a Brazilian prosecutor says he plans to file criminal charges against the oil giant and some of its local managers within weeks, adding the threat of prison sentences to an $11B civil lawsuit as punishment for a November offshore oil spill. CVX also is contesting an $18B judgment in Ecuador.