Setback for Chevron in Ecuador suit
On June 19 US District Judge Leonard Sand of the Southern District of New York ruled against Chevron Corp.’s efforts to have the American Arbitration Association settle its dispute with Ecuador and the Ecuadoran state oil company Petroecuador. This was a significant setback for Chevron, which is trying to avoid paying for the cleanup of environmental damage in Ecuador’s Amazon region caused by Texaco Petroleum Co.’s operations