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24 Jan 2013

Puck Lo, CorpWatch blog

Chevron Sues Its Own Shareholders In Ecuador Compensation Battle

U.S. oil giant Chevron’s latest move in an epic legal battle waged against indigenous Ecuadorian villagers involves serving legal papers on journalists, a New York state government official, Google, Yahoo!, Microsoft, a host of environmental groups, and even its own shareholders. Since 2011 Chevron has refused to pay nearly $19 billion in damages awarded by an Ecuadorian court to Amazonian residents who live in areas polluted by Texaco, a company Chevron bought. During nearly two decades of contentious litigation, the fourth-largest oil company in the world has appealed the ruling in Ecuadorian courts, attempted to block the Ecuadorian judgment in U.S. federal courts and more recently sued Steven Donziger, a lawyer for the plaintiffs, for racketeering.