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So much for Plan B: Kaplan denies Chevron attachment motion

Author: Alison Frankel, Reuters, Published on: 6 January 2012

I highlighted the unusual pre-trial attachment motion-which Chevron filed in November in its Manhattan federal court racketeering suit against the Ecuadoreans and some of their lawyers and experts-as a way for the oil company to effect, in essence, the same enforcement ban the U.S. Court of Appeals for the Second Circuit lifted in September. Faced with an Ecuadorean lawyer's threats that he plans to launch worldwide actions to enforce the now-affirmed $18 billion judgment, Chevron renewed its request that U.S. District Judge Lewis Kaplan of Manhattan federal district court issue a temporary restraining order barring the Ecuadorean plaintiffs "from assigning, alienating, transferring, encumbering or otherwise dispersing their interest in the fraudulent Ecuadorean judgment, or otherwise collecting proceeds."On Friday Kaplan said no -at least for now...[T]he judge denied Chevron's attachment motion, concluding that the oil company hadn't sufficiently specified its alleged damages, aside from citing the $18 billion Ecuadorean judgment.

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Related companies: Chevron Texaco (part of Chevron)