Chevron Wins Reversal Of $2.5M Energen Enviro Ruling

Law360, New York (October 12, 2009, 1:57 PM EDT) -- A federal judge has declared on reconsideration that Energen Resources Corp. will have to pay Chevron USA Inc. about $2.5 million to indemnify it for a 2005 settlement over chemical contamination, enforcing an agreement the two energy companies signed in 1990.

Judge James J. Brady of the U.S. District Court for the Middle District of Louisiana issued an order Friday vacating an Aug. 4 denial of Chevron's summary judgment motion and enforcing a 1990 agreement between Chevron and Energen requiring the latter to indemnify Chevron's legal...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.