Chevron Fined $8 billion For Oil Contamination In Ecuador

QUITO, Ecuador - (AP) An Ecuadorean judge ruled Monday that Chevron Corp. was responsible for oil contamination in a wide swath of Ecuador's northern jungle. The plaintiffs' attorney says the company was fined $8 billion. Chevron confirmed the ruling but not the amount of the fine. The company...

William A. Ruskin: Securitizing Litigation Claims for Fun and Profit

By William A. Ruskin Call me old fashioned, but I am uncomfortable with the growing industry involving third-party financing of commercial claims in litigation. In the not-too-distant future, it may well be that commercial litigations will be “bundled” and traded as securities on financial...