Ecuador Court Keeps Chevron Ruling But Slashes $19B Award

Law360, New York (November 13, 2013, 12:39 PM EST) -- Ecuador's high court on Tuesday upheld a highly contested verdict against Chevron Corp. for its alleged role in damaging the country's Amazon region through oil drilling operations, but slashed the damages from $19 billion to $9.5 billion.

Texaco Petroleum Co. allegedly dumped crude oil into the region over the course of a decadeslong oil drilling operation, causing residents to develop cancer and destroying natural resources. Chevron acquired Texaco's liability when it purchased the company in 2001, and an Ecuadorean court subsequently hit it with an unprecedented $19 billion judgment in the case, known as the Lago Agrio case after the region...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!