Wednesday, February 18, 2015

Update on Ecuador-Chevron / Crude case: Key funder of Ecuadorians' suit against Chevron quits

Key funder of Ecuadorians' suit against Chevron quits

In a statement, Karen Hinton, a spokesperson for Donziger, said that DeLeon had provided no funds for two years, and that Donziger’s team welcomed the settlement, “because it will allow a significant stake in the winning judgment of the affected villagers to be used for clean-up of their ancestral lands rather than be paid to an outside investor.”

She also argued that “Chevron’s willingness to drop all of its claims against Mr. DeLeon for no financial consideration … reflects the company’s increasingly weak position in the overall litigation.”