Ecuadoreans Can't Nix Chevron Suit Over $18B Verdict

Law360, New York (August 31, 2011, 8:36 PM EDT) -- A New York federal judge said Wednesday that Chevron Corp.'s suit seeking to overturn an $18 billion judgment against the company in Ecuadorean court could proceed, despite allegations that the suit was barred.

Chevron has accused the Ecuadoreans of conspiring to wage a global extortion campaign against the company by pressuring judges and politicians in Ecuador and releasing a documentary alleging that Texaco Inc. — acquired by Chevron in 2000 — dumped crude oil in the Amazon decades ago, destroying natural resources and causing residents to...
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