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NetRightDaily – Chevron Documents Collusion Between Ecuador Court and Trial Attorneys in Response to Latest Ruling

Chevron Ecuador — Wed, 01 Feb 2012 00:03:55 +0000

The Lago Agrio judgment was procured through a corrupt and fraudulent scheme, much of which was captured on film and memorialized in the plaintiffs’ representatives’ own emails and correspondence. Their misconduct includes fabricating expert reports, manufacturing evidence, bribing and colluding with court officials, waging a campaign of intimidation against judges, and even ghostwriting parts of the verdict itself. Evidence of these crimes has been provided to Ecuador’s courts and prosecutors, but authorities there have taken no corrective actions.

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Seeking Alpha – Chevron: A Solid Long-Term Addition To Any Diversified Portfolio

Chevron Ecuador — Tue, 31 Jan 2012 23:57:44 +0000

Any uncertainty caused about potential liabilities regarding the recent Brazilian oil spill and Ecuador court cases is overdone.

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AP – Chevron CEO talks about Ecuador legal case

Chevron Ecuador — Tue, 31 Jan 2012 00:54:56 +0000

“I think it’s generally acknowledged that this case is a product of fraud. This is collaboration between corrupt plaintiff lawyers in the U.S. and a corrupt judiciary in Ecuador. Nonetheless, we’re moving it through the judicial system…. It’s unfortunate that we’re at this point, but when you have an elaborate fraud that’s being perpetrated against you, that’s what you have to do.”

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International Business Times – Chevron Files Appeal with Ecuador National Court

Chevron Ecuador — Mon, 23 Jan 2012 22:38:25 +0000

The appeal, read Chevron’s announcement, “establishes that the lower courts violated the Ecuadorian constitution by refusing to take any corrective action in response to the extensive fraud and corruption committed by plaintiffs lawyers and their representatives.”

Fadel Gheit, an analyst with Oppenheimer who follows the company, agrees.

“If I was ruling Chevron, I would fight until the very last minute of my job, and make sure the next guy behind me will not pay them anything,” Gheit said. “They are a bunch of scam artists.”

Gheit said Chevron has no choice but to fight the lawsuit to the end, because paying would set a precedent that other people across the globe could try exploiting.

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UPI – Chevron files appeal in Ecuador

Chevron Ecuador — Mon, 23 Jan 2012 21:39:30 +0000

U.S. oil giant Chevron Corp. said it would pursue another appeal of a multibillion dollar judgment against in Ecuador for environmental contamination.

The company said it has submitted a petition to have a review performed by Ecuador’s National Court of Justice, The Wall Street Journal reported Saturday.

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Daily Mail – NY Governor’s ex-wife Kerry Kennedy ‘making $40 MILLION by advocating for rainforests’

Chevron Ecuador — Mon, 16 Jan 2012 23:49:23 +0000

Activist Kerry Kennedy apparently has more than just a humanitarian interest in the outcome of the trial over the environmental damages caused to Ecuadorian rain forests.

It was revealed today that Ms Kennedy, who is the ex-wife of Governor Andrew Cuomo and former president John F. Kennedy’s niece, has a financial stake in the contentious legal battle.

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New York Post – Cash & Kerry in rain forest – Crusader-for-hire Kennedy stands to make $40M in secret anti-oil deal

Chevron Ecuador — Mon, 16 Jan 2012 18:28:52 +0000

Professional do-gooder Kerry Kennedy — Gov. Cuomo’s ex-wife and the daughter of the late Robert F. Kennedy — has called the oil-drilled rain forests of Ecuador “the biggest corporate environmental disaster on the face of the Earth, in the history of the world.”

The human-rights activist penned opinion pieces and lobbied officials to voice her outrage at the damage oil companies have caused to the town of Lago Agrio, where 1,700 square miles of rain forest have been destroyed and people sickened.

What Kennedy has never mentioned during her campaign is that she is being paid handsomely for her seemingly selfless advocacy.

Kennedy, 52, was secretly hired as a “public-relations consultant” by the lawyer representing the Ecuadoreans in an $18 billion lawsuit against Chevron, according to court documents.

Cashing in on her respected family name and legacy, Kennedy raked in tens of thousands of dollars and was given a 0.25 percent stake — worth as much as $40 million — if the $18 billion judgment handed down by an Ecuadorean judge is ultimately upheld. (Chevron has not yet paid pending its countersuit in Manhattan federal court.)

Kennedy was paid a flat $50,000 by lead attorney Steven Donziger on Feb. 22, 2010, bank statements made public in the case show.

She was set to pull down an additional $10,000 per month, according to a September 2010 draft budget by the law firm. And she was to get another $40,000 in expenses in June 2010, according to an invoice from Donziger.

But being a hired shill didn’t stop Kennedy from presenting herself as a crusader with only a personal interest and familial duty to Ecuador’s indigenous masses.

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Fitch: Chevron Profile Unaffected by Ecuador Court Ruling

Chevron Ecuador — Thu, 05 Jan 2012 00:49:10 +0000

Yesterday’s ruling by a provincial appeals court in Ecuador upholding an $18 billion judgment against Chevron Corp. creates headline risk but is not expected to affect the company’s credit profile, according to Fitch Ratings.

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