4 Energy Stock Stories Making a Monday Buzz
Chevron Corp. (NYSE:CVX): Closing price $117.94
On Monday, United States District Judge Lewis Kaplan said that the Ecuadorean villagers and their attorney Steven Donziger are not entitled to a jury, since Chevron is not seeking damages claims against them. Rather, Kaplan will rule on the trial himself. Chevron claims that the villagers and their lawyer used fraud and bribery to obtain an award in an Ecuadorean court in 2011. At the trial in federal court in New York that commences on October 15, Chevron wants to prevent them from profiting from the award.