Chevron Statement on Southern District of New York RICO Opinion

Chevron Statement on Southern District of New York RICO Opinion

Chevron Corporation (NYSE:CVX) issued the following statement in response to today’s Southern District of New York RICO opinion:
Today, the U.S. District Court in New York rejected the Lago Agrio plaintiffs’ attempt to avoid a ruling on the validity of their fraudulent judgment and made important factual findings about the plaintiffs’ fraud and misconduct. In a 97-page opinion, Judge Kaplan rejected the effort of the Ecuadorian plaintiffs and their lawyers to abruptly drop some of their arguments in Chevron’s RICO case in order to avoid a ruling against them, calling this tactic an “unworthy pretense.” The court examined the record and issued findings that plaintiffs’ lawyers engaged in activities that “tainted” the Lago Agrio trial, further observing that “there are serious questions concerning the preparation of the judgment itself.” Judge Kaplan denied Chevron’s motion for immediate summary judgment on whether the Ecuador judgment is enforceable under New York law, instead requiring further legal and factual submissions prior to a final ruling. Chevron intends to press forward with its racketeering and fraud case until the perpetrators of the judicial fraud are held accountable for their actions.
Note to Editors:
Chevron is defending itself against false allegations that it is responsible for alleged environmental and social harms in the Oriente region of Ecuador. Chevron never conducted oil production operations in Ecuador, and its subsidiary Texaco Petroleum Co. (“TexPet”) fully remediated its share of environmental impacts arising from oil production operations, before leaving Ecuador in 1992. After the remediation was certified by all agencies of the Ecuadorian government responsible for oversight, TexPet received a complete release from Ecuador’s national, provincial, and municipal governments that extinguished all claims before Chevron acquired TexPet in 2001. All legitimate scientific evidence exonerates Chevron and proves that the remediated sites pose no significant risks to human health or the environment.
More information on http://www.chevron.com.
ISSUERS OF NEWS RELEASES AND NOT OILANDGASPRESS.COM ARE SOLELY RESPONSIBLE FOR THE ACCURACY OF THE CONTENT.
Public relations, press release distribution service, investor relations, SEC filing, regulatory news,upstream, downstream,corporate announcements,technology developments and political news
www.oilandgaspress.com – The ‘one stop shop’ for global Oil and gas press releases!!!
>Oil and Gas Press

#FOLLOW US ON INSTAGRAM