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Chevron takes US lawyers to court in Ecuador RICO case
Hat tip to Hot AirKerry Kennedy's fat share of the judgement hardest hit One of the financiers of an environmental lawsuit that led to a $19 billion verdict against Chevron Corp. in Ecuador told a judge that he came to regret funding the case once after learning that it may be a fraud. Fraud? No way! Burford Capital LLC Chief Executive Officer Christopher Bogart told a Manhattan federal judge yesterday that his firm, which he described as the world's largest dedicated litigation financing provider, supplied $4 million to the Ecuadorean plaintiffs and later sold the share when it became "deeply concerned about the mounting evidence of fraud and misconduct." You know you're in trouble when your bagman says you lied What did he do with the money he gained from selling his share? He didn't sell his share. He cut out a share of the putative settlement and gave Kennedy and small cut in cash, in exchange for her "services" in hammering Chevron publicly. Posted by: badanov 2013-10-20 |
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