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| -Short Attention Span Theater- |
| Chevron countersues: Kennedy fat payday hardest hit |
| 2013-05-21 |
| That'll cut into the ole cabana boy trips to Acapulco, I s'pect... Since late 2010, Washington, D.C. law firm Patton Boggs has been poking a sleeping tiger. It has filed three peculiar federal lawsuits -- in its own name, not on behalf of any client -- against Chevron, the third-largest corporation in the United States. These cases have fared poorly; two were quickly dismissed, and a federal magistrate judge recommended tossing the third in March. On Friday, the tiger awoke. Chevron (CVX) sought a federal judge's permission to bring counterclaims against the 455-lawyer firm for alleged fraud and deceit for its conduct in representing the Amazon Defense Front, which obtained a $19 billion environmental judgment against the oil giant in Lago Agrio, Ecuador, in February 2011. Chevron also seeks to charge the firm with "malicious prosecution" for having pursued its three lawsuits in bad faith. Chevron seeks to hold the law firm liable for any damages Chevron suffers from the Front's allegedly fraud-infested litigation, plus punitive and treble damages. |
| Posted by:badanov |
| #1 Interesting. A few months ago PB laid off a few dozen associates and staff. No partners got the ax, but I know one began planning an exit strategy, because PB is shifting away from litigation and more toward lobbying. Wonder if this is related? Chevron can absorb a $19B judgment. PB cannot. |
| Posted by: RandomJD 2013-05-21 06:36 |