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Independent voices from the The Washington Times Communities
Topic - Ecuadorian Court
Downbeat reports from Alcoa and Chevron at the start of corporate earnings season pulled stock indexes lower for a third straight day Wednesday. The Dow Jones industrial average slumped 128 points, its steepest loss since late June.
Courts continue to expose the skulduggery of an Ecuadorean lawsuit against American oil giant Chevron Corp. On Tuesday, the 2nd U.S. Circuit Court of Appeals smacked down the plaintiffs and backed District Judge Lewis A. Kaplan's order allowing Chevron to continue discovery efforts to prove the lawsuit is fraudulent. Judge Kaplan's Nov. 4 decision in the case uses particularly scathing terms to describe the conduct of the plaintiffs' American lawyer, Steven R. Donziger.