Legal News - Top Ecuador court upholds $9 billion ruling against Chevron

Legal News Journal

Legal News Home page Click here to add this website to your favorites
  rss
Bar News Search >>>

Ecuador's highest court has upheld a $9.5 billion judgment against oil giant Chevron for decades of rainforest damage that harmed indigenous people.

Plaintiffs celebrated the constitutional court's decision announced Tuesday night by saying it leaves no doubt about their right to receive compensation for oil spills that contaminated groundwater in indigenous communities in the Amazon.

But the ruling is largely symbolic as Chevron no longer operates in the South American country. That means Ecuador's government will have to pursue assets owned by the San Ramon, California-based company in foreign courts, where it so far has had little luck.

Chevron had long argued that a 1998 agreement Texaco signed with Ecuador after a $40 million cleanup absolves it of liability. Chevron bought Texaco in 2001.


Breaking Legal News  |  Headline News  |  Law Center  |  Legal Business  |  Court News  |  Law Firm News  |  Legal Interviews |  Political and Legal
Practice Focuses  |  Legal Spotlight  |  Events & Seminars  |  Legal Marketing  |  Court Watch  |  Immigration  |  Press Releases
International  |  Politics  |  Justice Stories  |  Web Design for Law Firms  |  Celebrity Courthouse
Law Promo's specialty is law firm web site design. Web Design For Bar Associations
© The Legal News Journal. All rights reserved.