Source: Investor’s Business Daily
Shakedown: A federal judge has ruled that a $9.5 billion judgment against Chevron in Ecuador was won through fraud. It’s a victory for Chevron, but at a cost of millions. So why isn’t someone in this environmental predator racket in jail?
After more than a decade of battling against charges it created a “rainforest Chernobyl” in an Ecuadorean village called Lago Agrio, it must have come as a relief to the oil giant to hear the words of truth ring out from the bench of a tough Manhattan judge, Lewis Kaplan.
In a nearly 500-page ruling, he branded the entire case as “fraudulent” and ruled the $9.5 billion awarded to the plaintiffs’ attorney by a bought-off Ecuadorean court could not be collected anywhere in the U.S. (more…)