Chevron Loosed From $22M Bond In Ecuador Pollution Fight

Law360, New York (April 3, 2012, 1:42 PM EDT) -- A New York federal judge freed Chevron Corp. on Monday from a $21.8 million bond linked to a now-overturned injunction on an $18 billion Ecuadorean pollution judgment against Chevron, slamming Patton Boggs LLP's attempts to collect on the bond.

U.S. District Judge Lewis Kaplan ordered Chevron to post the bond to compensate the Ecuadorean defendants in case the preliminary injunction, issued in March 2011, was later overturned. The Second Circuit vacated the preliminary injunction in September.

In Monday's ruling, Judge Kaplan pointed out the $18 billion...
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