Chevron Corp. lost a bid to stop Chief Executive Officer John Watson from being questioned by the attorney the company is suing over claims he committed fraud to win a $19 billion verdict in a pollution case in Ecuador.
Chevron Corp.’s bid to protect assets that could be seized as part of an $18 billion environmental damages verdict against it in Ecuador was denied by a U.S. judge, who said the request could be renewed at a later date.
Weil Gotshal & Manges LLP and Proskauer Rose LLP represented American Realty Capital Properties Inc., which offered to buy Cole Credit Property Trust III Inc. for at least $5.7 billion, seeking to create one of the largest real-estate investment trusts that leases space to single tenants. Sullivan & Cromwell LLP is advising Cole Holdings as owner of the external manager to Cole Credit Property Trust III.
An Argentine judge ordered the seizure of all Chevron Corp.’s assets in the country, according to Enrique Bruchou, a lawyer representing Ecuadorean plaintiffs in a lawsuit over pollution in the Amazon rain forest.
Olympus Corp., the camera maker that admitted hiding losses for over a decade, said it’s considering suing present and past executives after receiving a report from a panel probing management responsibility for the cover-up.