What’s the sta­tus of your Latin Amer­i­can law­suit?

Bloomberg Businessweek (North America) - - Companies/Industries -

You’re re­fer­ring to a large case in Ecuador, where a New York trial lawyer at­tempted to de­fraud my com­pany out of $19 bil­lion. For­tu­nately, we were able to prove, in a New York court, in a civil case, that RICO statutes were vi­o­lated, along with nu­mer­ous other laws—for­eign Cor­rupt Prac­tices Act, ex­tor­tion, wire fraud. We con­tinue to fight that. Thus far, we’ve been very suc­cess­ful. There’s risk, but we’ve been able to man­age it.

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