Texaco

In a huge victory for the second-largest U.S. oil company, a U.S. district judge ruled March 4, that a $9.5 billion award against Chevron by an Ecuadorean court was “obtained by corrupt means.” The massive figure had been lowered by Ecuador’s highest court in 2013 after an earlier decision against Chevron of $19 billion. The broadcast networks took no notice of the decision and failed to…