April 12, 2013
Forbes | April 12, 2013
Attorney Steven Donziger’s long quest to wring a settlement from Chevron over oil pollution in the Ecuadorean jungle suffered a potentially fatal blow today after the environmental consultant he relied upon to obtain a $19 billion verdict there disavowed its work, saying the process was “fatally tainted.”
April 11, 2013
The Australian | April 11, 2013
One of the leaders of the US business community has warned that Australia's decision to commercialise civil litigation means this country is well on the way to adopting America's worst excesses. Lisa Rickard, executive vice-president of the US Chamber of Commerce, believes the main problem is the federal government's decision not to regulate the financing of class actions by outside companies.
Associated Press | April 11, 2013
Attorneys for U.S. food giant Dole and Dow Chemical Co. asked the Delaware Supreme Court on Wednesday to overturn a lower court judge’s refusal to dismiss a lawsuit involving a now-banned pesticide linked to sterility.
April 10, 2013
Business Spectator | April 10, 2013
A South Australian businessman has accused the funder of Australia's largest class action against 12 banks of stealing the idea for the class action, a move that may derail the case, according to The Australian Financial Review.
April 8, 2013
American Lawyer | Subscription Required | April 8, 2013
Two months after Chevron Corporation filed an explosive declaration by a former Ecuadorian judge describing an alleged Amazonian shakedown, its adversaries have lined up their own judge to lob similar claims right back at Chevron. The twist? The latest declaration was filed by the very same judge accused by Chevron of taking bribes to issue a sham $19 billion environmental judgment against the company.
April 5, 2013
The D&O Diary | April 5, 2013
As a result of the U.S. Supreme Court decision in Morrison v. National Australia Bank, investors who purchased their shares in a company’s stock on a non-U.S. exchange are unable to pursue securities claims against the company or its management in U.S. courts. I have long thought these investors’ preclusion from U.S. courts would force them to try to develop remedies in their home jurisdictions – which is what it appears that RBS investors, whose U.S. securities claims were dismissed, now appear to be doing.
April 4, 2013
ThomsonReuters | April 4, 2013
There may be no more glaring example of the shifting terrain for securities litigation than the case against the Royal Bank of Scotland. Back in January 2011, RBS was one of the early beneficiaries of the U.S. Supreme Court's bar on shareholder suits against foreign defendants.
ThomsonReuters | April 4, 2013
A U.S. judge has rejected efforts by Chevron Corp to secure documents from a California environmental advocacy group in a fraud case related to a $19 billion award for rainforest pollution in Ecuador.
April 3, 2013
The Guardian | April 3, 2013
A group of investors, including the pension funds for miners and electricity workers, are suing the Royal Bank of Scotland for millions of pounds of losses sustained in 2008.
March 25, 2013
Lawfare | March 25, 2013
Although most Supreme Court watchers are focused on the two gay marriage cases to be argued before the Court on Tuesday and Wednesday of this week, for Lawfare readers this may be the week that the Supreme Court finally issues a decision in the landmark Alien Tort Statute case, Kiobel v. Royal Dutch Petroleum.
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