San Francisco Business Times – Chevron wins bid in Ecuador suit
More coverage of yesterday’s Chevron Ecuador ruling which, according to the New York judge, “had been tainted by fraud and corruption:”
Chevron Corp. has won a key bid barring Ecuadorean residents from enforcing an multibillion-dollar judgment an Ecuadorean court ordered it to pay, the Wall Street Journal reports. The court in Ecuador last month ordered Chevron to pay $8 billion for alleged oil contamination there.
The new U.S. ruling, by a federal judge in Manhattan, means citizens in Ecuador that are suing Chevron will be unable to seize the oil giant’s assets in enforcing the judgment.
The judge said that Chevron had presented sufficient evidence that the Ecuador trial had been tainted by fraud and corruption.