Second Circuit Ruling: All Is Not Lost for Chevron in Ecuador Battle

Chevron Corp. suffered a setback yesterday in its efforts to prevent enforcement of a $17.2 billion judgment issued by an Ecuadorian court based on charges that Chevron is responsible for environmental damages in the Ecuadorian Amazon. The U.S. Court of Appeals for the Second Circuit in New York issued an opinion explaining its decision to overturn a district court injunction barring enforcement of the judgment outside of Ecuador. But while yesterday?s decision is a setback for Chevron, it still has numerous effective means of resisting enforcement efforts.