We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Chevron Proxy Fight Heats Up Over $27B Ecuador Suit

Law360 (April 8, 2009, 12:00 AM EDT) -- A proxy fight between Chevron Corp. and certain shareholders is heating up over the company's potential exposure to an environmental lawsuit in Ecuador seeking $27.3 billion in damages.

In December, the state pension funds of New York City and New York State – which together own more than $1 billion of Chevron stock – told the company that they would submit a proposal at this year's annual shareholder meeting requesting a report “on the policies and procedures that guide Chevron’s assessment of host country laws and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.