Lago Agrio: The New Erion Report

The Lago Agrio plaintiffs have published a new report by Graham Erion, the Canadian lawyer who has previously taken Chevron to task over the sufficiency of its disclosures to investors regarding the Ecuador litigation. The new report is a revised and expanded verison of the old. Now there are important new angles for Erion to emphasize, in particular, the Argentina asset seizure.

Any investor who evaluates Chevron’s stock without doing a good amount of reading about the Ecuador litigation, and I don’t just mean Chevron’s 10-K, has another think coming. In other words, whether the disclosures in Chevron’s public filings are adequate as a matter of securities law, if you are planning to trade in Chevron stock, read up on the case and make your own judgments about the likelihood Chevron will ultimately pay any money.

About Ted Folkman

Ted Folkman is a shareholder with Murphy & King, a Boston law firm, where he has a complex business litigation practice. Folkman also serves as an arbitrator and is a member of the Commercial and Consumer Panels of the American Arbitration Association. He is the author of International Judicial Assistance (MCLE 2d ed. 2016), a nuts-and-bolts guide to international judicial assistance issues, and of the chapter on service of process in the ABA's treatise on International Aspects of US Litigation (J. Berger, ed. 2017), and he is the publisher of Letters Blogatory, the Web's first blog devoted to international judicial assistance, which the ABA recognized as one of the best 100 legal blogs in 2012 and 2014 - 2016.

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