from Breakingviews:

Exxon Mobil reaches bottom of the oil barrel

April 29, 2016

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

from Morning Bid with David Gaffen:

A Turn for Tuesday

March 8, 2016

Call it Turnaround Tuesday here after investors had rediscovered something of a new era of good feelings of late, with the S&P 500 hanging in there at the 2000 level, bond yields reaching heights not seen in a solid month (yes, that’s not that long), and even a modest widening in the spread between the two-year and 10-year yields, to about 100 basis points. Oil was actually sniffing around $40 a barrel as well.

from Breakingviews:

Exxon pumps up position in world of cheap oil

October 30, 2015

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Alison Frankel:

Litigation funder feared Chevron case would taint fledgling industry

August 2, 2013

Regardless of what you think of the business of litigation funding, it's here to stay. There are now hundreds of millions, if not billions, of dollars of capital invested in commercial litigation and arbitration in the United States, Britain and Australia, and some of the biggest litigation funding firms in the United States have begun to show a good enough return for their investors to justify the risk of taking sides in inherently lengthy and uncertain cases. Business groups that oppose investment in litigation tried mightily, but they simply haven't managed to stem the industry's steady spread, either through legislation or regulation.

from Stories I’d like to see:

Hagel’s ignorance, Big Oil in the rain forest and a drone story

February 11, 2013

The Hagel fiasco:

I can’t get Defense Secretary-designate Chuck Hagel’s awful Jan. 31 Senate confirmation testimony out of my head. I went back last week and watched most of it again. It was stunning, by far the worst performance by a high-level appointee I’ve ever seen or heard about. I’m not referring to Hagel’s gaffes, though there were some. I’m talking about pretty much everything he said after he read his opening statement. He seemed – is there a nice way to say this? – stupid.

from Alison Frankel:

Truth and justice are elusive in Chevron Ecuador case

January 29, 2013

On Monday, Chevron filed a new motion for summary judgment in its fraud and racketeering case against the lawyers and expert witnesses who helped 47 Ecuadoreans from the Lago Agrio region of the rainforest obtain an $18 billion judgment against the oil company from an Ecuadorean court in 2011. The motion discloses what seems to be incredibly powerful evidence that the Ecuadorean judgment was illegitimate: A onetime presiding judge on the Ecuadorean case, Alberto Guerra, submitted a declaration asserting that he acted as the middleman in setting up a $500,000 bribe from plaintiffs' lawyers to the Ecuadorean judge who entered the judgment against Chevron. Guerra claimed that the plaintiffs actually drafted the 2011 judgment and that he, as a behind-the-scenes ghostwriter, worked with plaintiffs' lawyers to make it seem more like a court ruling. According to his declaration, filed before U.S. District Judge Lewis Kaplan of Manhattan, Guerra had previously received regular payments from the plaintiffs in the Chevron case to ghostwrite other rulings subsequently issued by the presiding judge. And, to boot, Guerra asserted that Chevron -- unlike the plaintiffs -- didn't respond to his solicitation of bribes.

from Breakingviews:

Exxon’s fracking gag makes Chesapeake look good

May 30, 2012

By Christopher Swann
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Alison Frankel:

Morrison and international RICO: Kaplan’s take in Chevron case

May 22, 2012

It's been relatively easy for district courts to figure out how to apply the U.S. Supreme Court's 2010 ruling in Morrison v. National Australia Bank in securities cases – unless the defendant is a U.S.-listed company, shareholders are pretty much out of luck in U.S. courts. Post-Morrison racketeering litigation has no such conveniently bright lines. The Racketeer Influenced and Corrupt Organizations Act doesn't explicitly mention that it applies to overseas conduct, so under Morrison judges must presume it does not. But they've struggled to define exactly what constitutes overseas racketeering as opposed to domestic racketeering with an international component.

from Breakingviews:

Review: Exxon’s shareholder fetish, good and bad

May 4, 2012

By Christopher Swann
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from The Great Debate:

Brazil’s attack on Chevron is a dangerous error

March 28, 2012

A truly bizarre international incident has gone largely unnoticed, even though it is one of the most shameless shakedowns of an American company by another country in recent memory. What is happening now in Brazil could easily scare off U.S. companies that may be looking to do business overseas.