UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: DrBob2 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 90258  
Subject: Re: Greenmail Date: 11/9/2013 1:37 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Disastrous day for the Lago Agrio plaintiffs in Chevron trial

In remarkable testimony Tuesday in federal court in Manhattan, the former Ecuadorian judge who signed a $19 billion environmental judgment against Chevron in 2011 seemed startlingly unfamiliar with the contents of the opinion he claims to have authored. He was unable to account for key data, reasoning, case citations, and terms he used in it.

The strikingly poor performance of the judge, Nicolás Zambrano Lozada, appeared to bolster Chevron's contention that the $19 billion judgment in the environmental case, commenced in Lago Agrio, Ecuador in 2003, was not written by Zambrano at all, but rather by the plaintiffs lawyers themselves, who, Chevron maintains, won that opportunity by agreeing to pay Zambrano $500,000 from out of any eventual recovery. Zambrano maintains that he wrote the ruling without any assistance from anyone....

Similarly, more than two years ago Chevron began citing as evidence of the plaintiffs' allegedly clandestine and corrupt involvement in the writing of the judgment the ruling's incorporation of data throughout that contains errors and other anomalies that match perfectly the characteristics of data contained in the plaintiffs team's internal database, but which were absent from the data introduced into the official record.

Yet in his testimony Tuesday Zambrano seemed totally unprepared to explain either phenomenon. With respect to one of the allegedly plagiarized passages, for instance, he not only couldn't account for how it got into his ruling, but he also couldn't explain the presence of an English word within the passage -- "workover," a term referring to an oil-well drilling procedure -- whose meaning he admitted not knowing.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.