OREANDA-NEWS. July 03, 2012. In response to media reports that the Lago Agrio plaintiffs' lawyers have initiated recognition and enforcement actions of their fraudulent judgment in Brazil, Chevron Corporation [NYSE: CVX] issued the following statement:

"The Ecuador judgment is a product of bribery, fraud, and it is illegitimate. The company does not believe that the Ecuador judgment is enforceable in any court that observes the rule of law.

"If the plaintiffs' lawyers believed in the integrity of their judgment, they would be seeking enforcement in the United States – where Chevron Corporation resides. In the U.S., however, the plaintiffs' lawyers would be confronted by the fact that seven federal courts have already made fraud findings related to the plaintiffs' lawyers' scheme."