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CORPORATIONS - General principles - Distinct legal entity - Exceptions (piercing the corporate veil)

Tuesday, February 07, 2017 @ 9:56 AM  

Motions by the Chevron defendants and by the plaintiffs for summary judgment in an action commenced to enforce an Ecuadorian judgment. The 47 plaintiffs represented 30,000 indigenous Ecuadorian villagers affected by environmental pollution resulting from oil exploitation and extraction activities in the Oriente region of Ecuador. After their action against Texaco in New York was dismissed with Texaco’s agreement to submit to the jurisdiction of the Ecuadorian courts, the plaintiffs commenced an action in Ecuador. They obtained a $9.5 million USD judgment against Texaco, which merged...