SEC Should Probe Chevron Over $18B Ruling, House Rep. Says

Law360, New York (June 11, 2012, 5:24 PM EDT) -- House Energy & Commerce Committee member Rep. Jan Schakowsky, D-Ill., on Wednesday asked U.S. securities regulators to investigate Chevron Corp. for allegedly failing to fully inform the public about the risks associated with an $18.1 billion oil spill judgment in Ecuador against the company.

Schakowsky requested that the U.S. Securities and Exchange Commission review a recent report by a securities lawyer who represents the Ecuadorian plaintiffs. The attorney accused the company of misleading shareholders over the matter. Schakowsky is asking to determine whether the company violated U.S. securities laws.

“Our nation's 'truth in investment laws' are critical to investors and shareholders,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!