Ecuador: Donziger guilty of fraud against Chevron
My latest at Da Tech Guy Blog, on Ecuador: Donziger guilty of fraud against Chevron
timeline from the WSJ:
Evolution of a Case
- 1964: Texaco Petroleum Co. begins drilling for oil in Ecuador as part of a consortium
- 1990: State-owned PetroEcuador takes over the consortium’s oil operations
- 1992: Texaco ends operations in Ecuador
- 1993: Ecuadorean residents sue Texaco in U.S. federal court over oil pollution
- 1995: Texaco signs agreement with Ecuadorean government to clean up pollution
- 1998: Texaco completes the cleanup
- 2001: Chevron Corp. acquires Texaco
- 2003: Ecuadorean residents sue Chevron in Ecuador court
- 2011: Chevron sues Ecuadorean plaintiffs’ lawyer Steven Donziger in U.S. court
- 2011: Ecuadorean court awards the plaintiffs about $18 billion in damages
- 2013: National Court of Justice in Ecuador affirms verdict but reduces damages to $9.5 billion
- March 2014: Chevron wins U.S. court case against Mr. Donziger
YOu can read the entire decision (500 pages) here.
In his opinion, Judge Kaplan noted that Mr. Donziger personally stands to gain more than $600 million in contingency fees and, potentially, control over billions that would go to the plaintiffs were the judgment collected.
On Tuesday, the judge ordered Mr. Donziger and his two co-defendants to turn over all property “traceable” to the Ecuadorean judgment to a trust to be set up on behalf of Chevron, and barred them from seeking to enforce the Ecuador verdict in any U.S. court.