Chevron suffers double jeopardy in Brazil oil-spill case

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

Brazilian judges have reinstated a criminal case against Chevron (CVX) over an offshore oil spill in November 2011 despite the company coming to a $150M settlement with prosecutors just over a year ago.

The case may well revive concerns about doing business in Brazil - the prosecutor's office that agreed to the settlement, which led to original charges being dropped - is the one that has worked to re-open the criminal part of the case.

Eleven Chevron employees, as well as the company, are the subject of the case; if found guilty, they could face up to 30 years in prison.