A U.S. judge handed Chevron Corp. a key victory in the energy company’s long-fought battle against a multibillion-dollar pollution lawsuit in Ecuador, ruling the American lawyer leading the case resorted to bribery and fraud.
DLA Piper UK partners Debra Erni and Graham Tyler, who headed the asset finance practice, will join Pillsbury Winthrop Shaw Pittman LLP’s transportation finance team in London at the beginning of May with three associates.
Chevron Corp. won a U.S. judge’s ruling that a multibillion-dollar pollution judgment issued in Ecuador was procured by fraud, making it less likely that plaintiffs will collect the $9.5 billion award.
Chevron Corp. said it won’t seek money damages against two Ecuadorians it sued in a New York racketeering case claiming the pair committed fraud to win a $19 billion verdict in a pollution case in their country.
Dentons LLP advised Molex Inc., a maker of electronic components for products such as Apple Inc.’s iPhone, which agreed to a $7.2 billion acquisition by Koch Industries Inc., the holding company controlled by the billionaire Koch brothers. Latham & Watkins LLP represented Wichita, Kansas-based Koch.
Sullivan & Cromwell LLP, Morris Manning & Manning LLP, Venable LLP, Wachtell Lipton Rosen & Katz and Proskauer Rose LLP advised on American Realty Capital Properties Inc.’s agreement to buy Cole Real Estate Investments Inc. for about $6.85 billion as it seeks to become the largest owner of U.S. single-tenant buildings.
A Manhattan lawyer who’s spent his career battling Chevron Corp. over pollution in Ecuador said he may collect as much $600 million in fees if his court victory in the South American nation is enforced.