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Chevron Ecuador Lawsuit News

Dow Jones – Chevron Files Racketeering Claim Against Ecuador Plaintiffs, Lawyers

Oil giant Chevron Corp. (CVX) on Tuesday sued lawyers, plaintiffs and contractors involved in a long-standing multibillion-dollar environmental legal claim it faces in Ecuador, arguing they have sought to extort and defraud the company.

Chevron filed the suit in U.S. District Court for the Southern District of New York, alleging violations of the Racketeer Influenced and Corrupt Organizations Act, or RICO, a federal antiracketeering law. RICO is often used by prosecutors in organized crime cases, but also has been used in some antitrust-type cases.

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