Chevron Proxy Fight Grows More Acrimonious

Law360, New York (May 21, 2009, 12:00 AM EDT) -- Chevron Corp. has lambasted a shareholder proposal for an environmental and human health protection report, saying it is merely part of a campaign by U.S. trial lawyers to pressure the company to settle an Ecuadorian lawsuit that is seeking $27.3 billion in damages.

In a four-page letter sent out Wednesday, Chevron's chief governance officer, Lydia Beebe, told the company's shareholders that they should vote against the resolution, which is requesting a report "on the policies and procedures that guide Chevron's assessment of host country laws and...
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