The appeal, read Chevron’s announcement, “establishes that the lower courts violated the Ecuadorian constitution by refusing to take any corrective action in response to the extensive fraud and corruption committed by plaintiffs lawyers and their representatives.”
Fadel Gheit, an analyst with Oppenheimer who follows the company, agrees.
“If I was ruling Chevron, I would fight until the very last minute of my job, and make sure the next guy behind me will not pay them anything,” Gheit said. “They are a bunch of scam artists.”
Gheit said Chevron has no choice but to fight the lawsuit to the end, because paying would set a precedent that other people across the globe could try exploiting.