Appeals Court Won't Block Ecuadoreans' $18B Chevron Win

[The Straight Story]

Appeals Court Won't Block Ecuadoreans' $18B Chevron Win

MANHATTAN (CN) - The 2nd Circuit refused again to block indigenous Ecuadoreans from collecting on an $18.2 billion judgment against Chevron for a massive oil contamination in the Amazon.

The Delaware-based oil giant has been piling up defeats in its quest to discredit the lodestar award a Lago Agrio, Ecuador, court delivered on Feb. 14, 2011, after 18 years of bitter litigation.

Faced with the multibillion-dollar judgment last year, Chevron launched a three-pronged counterattack, including an appeal in Ecuador, arbitration at The Hague and an anti-racketeering suit in Manhattan federal court.

After some successes in New York's Southern District, the 2nd Circuit put a halt to a trial on whether to permanently block the Ecuadoreans from collecting the award. The federal appeals court also struck down an existing preliminary injunction.

http://www.courthousenews.com/2012/01/20/43218.htm

[FreakinDJ]

1. Could have told you that was going to happen

Once Chevron proved to the WTO Courts the Judge colluded and conspired with the Plaintiffs it was over