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Chevron Wins Bid to Extend Order Blocking Ecuador Judgment
Chevron Corp. won a bid to extend a court order barring Ecuadorean residents from enforcing an $18 billion judgment against the oil company until its racketeering case against the villagers and their lawyers is decided. U.S. District Judge Lewis Kaplan…granted a temporary restraining order Feb. 8 barring residents of the Amazon River basin who have sued Chevron in Ecuador and their U.S. lawyers from enforcing the judgment awarded by a court there…Kaplan ordered Chevron to post a $21.8 million bond or deposit that sum with the court to ensure payment of any damages caused by the delay in enforcement of the judgment, if his injunction turns out to be inappropriate, according to the filing.