Fortune profiles the funding sources behind the Chevron Ecuador lawsuit. The author analyzes the recent developments in the case against Chevron in Ecuador and traces the history of litigation financing and its role here:
Chevron Ecuador: Have you got a piece of this lawsuit?
June 28, 2011
Many readers will have already heard about the bitterly contested $18.2 billion environmental judgment handed down against Chevron in February by a judge in Sucumbíos province in northeastern Ecuador, an Amazon jungle region where Colombian narcoterrorists go for R&R. The judgment was entered in the rough-and-tumble oil outpost known as Lago Agrio on behalf of Ecuadorians who live in the area where Texaco, acquired by Chevron in 2001, drilled for oil from 1964 to 1990.