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: JURIST - The Paper ChaseFederal appeals court upholds verdict for Chevron in Nigeria protest deaths
By Sarah Paulsworth
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In November 2007, the US Securities and Exchange Commission (SEC) [official website] agreed to a $30 million settlement [JURIST report] of Foreign Corrupt Practices Act charges against Chevron in connection with the oil company's alleged involvement in a scheme to exchange illegal payments to Iraqi officials under the now-defunct UN Oil-for-Food program [official website; JURIST news archive]. In August 2005, Unocal shareholders approved [JURIST report] a Chevron takeover. The approval of the nearly $18 billion purchase came after months of negotiations and contentious competition [JURIST report] from China National Offshore Oil Company Ltd. (CNOOC) [official website], an oil company connected to the Chinese government trying to secure resources for China's booming economy.
Full post as published by JURIST - The Paper Chase on September 11, 2010 (boomark / email).
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