A group of Ecuadoreans can’t go after the assets of a Canadian Chevron subsidiary to enforce a now-discredited $9.5 billion pollution judgment against the oil giant, a Canadian court ruled Friday, saying there was no reason to depart from the principle that a parent corporation and its subsidiary are two separate legal entities. The Ontario Superior Court of Justice stuck down a bid by 47 plaintiffs, who represent about 30,000 Ecuadoreans, to collected the winnings they were awarded by Ecuadorean courts in a suit against Chevron. That judgment became tarnished when a New York federal judge ruled in 2014 that it was the product of “egregious fraud.” Read more>>
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