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Argentine Judge Freezes Chevron Assets to Pay $19 Billion Ecuador Fine

November 13, 2012 by legitgov

Argentine Judge Freezes Chevron Assets to Pay $19 Billion Ecuador Fine 12 Nov 2012 Adrian Elcuj Miranda, a judge in Buenos Aires, has ordered the seizure of Chevron's assets in Argentina, to force the company to pay a $19 billion penalty for polluting the Amazon in Ecuador. The plaintiffs are seeking similar legal action in Brazil, Canada, Colombia and other countries... In 2011 the Ecuadorean courts ruled against Chevron and ordered the company to pay $18.2 billion in damages, which was increased to $19 billion this past July. Chevron appealed the judgement but the Ecuadorean appellate court ruled against the company on January 3, 2012. Chevron is now trying a multitude of ways to defeat the ruling such as appealing the Ecuadorean fine in U.S. courts.

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