Ecopetrol Loses Contempt Bid Over $75M Judgment

Law360, Los Angeles (March 29, 2016, 4:16 PM EDT) -- A New York federal judge on Monday refused to hold Offshore Exploration and Production LLC and its owner in contempt for an unsatisfied money judgment to Colombia’s and Korea’s national oil companies, saying the remedy isn’t appropriate for relief that simply seeks payment of money.

U.S. District Judge John G. Koeltl held that a $75.3 million judgment against Offshore secured by Ecopetrol SA and Korean National Oil Corp. to indemnify a payment to the Peruvian government upon their purchase of Offshore and its subsidiaries was not an equitable judgment under the Federal Rules of Civil Procedure that justifies a finding of...

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