OREANDA-NEWS. August 07, 2012. Chevron Corporation [NYSE: CVX] issued the following statement in response to Southern District of New York RICO opinion:

Today, the U.S. District Court in New York rejected the Lago Agrio plaintiffs' attempt to avoid a ruling on the validity of their fraudulent judgment and made important factual findings about the plaintiffs' fraud and misconduct. In a 97-page opinion, Judge Kaplan rejected the effort of the Ecuadorian plaintiffs and their lawyers to abruptly drop some of their arguments in Chevron's RICO case in order to avoid a ruling against them, calling this tactic an "unworthy pretense." 

The court examined the record and issued findings that plaintiffs' lawyers engaged in activities that "tainted" the Lago Agrio trial, further observing that "there are serious questions concerning the preparation of the judgment itself."  Judge Kaplan denied Chevron's motion for immediate summary judgment on whether the Ecuador judgment is enforceable under New York law, instead requiring further legal and factual submissions prior to a final ruling.  Chevron intends to press forward with its racketeering and fraud case until the perpetrators of the judicial fraud are held accountable for their actions.