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8 Mar 2011

Karen Gullo, Patricia Hurtado & Bob Van Voris, Bloomberg

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.

Part of the following timelines

Opinion: Chris Jochnick, Oxfam, reflects on "corporate impunity" and the US$ 8 million judgement against Chevron

Texaco/Chevron lawsuits (re Ecuador)