Comments on: Lago Agrio: DeLeon Surrenders; Chevron Claims Another Scalp https://lettersblogatory.com/2015/02/17/lago-agrio-deleon-surrenders-chevron-claims-another-scalp/ The Blog of International Judicial Assistance Thu, 21 Nov 2024 02:51:09 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Lago Agrio: Chevron Wins Default Judgment Against Amazonia | Letters Blogatory https://lettersblogatory.com/2015/02/17/lago-agrio-deleon-surrenders-chevron-claims-another-scalp/#comment-22638 Thu, 21 Nov 2024 02:51:09 +0000 https://lettersblogatory.com/?p=20106#comment-22638 […] my post on Chevron’s settlements of its Gibraltar lawsuit against James Russell DeLeon and Torvia […]

]]> By: Ted Folkman https://lettersblogatory.com/2015/02/17/lago-agrio-deleon-surrenders-chevron-claims-another-scalp/#comment-2112 Thu, 19 Feb 2015 14:17:44 +0000 https://lettersblogatory.com/?p=20106#comment-2112 In reply to Roger Parloff.

Right. I don’t want to comment really firmly on this without seeing the document, but it seems to me that in general, a prohibition on transfers or assignment of a share of stock does not prohibit a shareholder from making a contract to assign the dividends. But again, I’d like to see the document. Also, I want to hedge my bets because the governing law may be Gibraltar law or the law of England and Wales or something.

]]> By: Roger Parloff https://lettersblogatory.com/2015/02/17/lago-agrio-deleon-surrenders-chevron-claims-another-scalp/#comment-2111 Thu, 19 Feb 2015 14:01:38 +0000 https://lettersblogatory.com/?p=20106#comment-2111 I think your analysis of the flaw in Hinton’s statement is correct, Ted. The underlying Amazonia documents seem to be sealed for now. But even assuming for the sake of argument that they contain some kind of provision extinguishing interests in the judgment that are transferred, the settlement does not require that DeLeon’s interests immediately be transferred. It only requires that proceeds be transferred, and even then only upon request by Chevron, and there’s no evidence that Chevron has yet so requested.

]]>