Chevron Corporation has reached a settlement agreement with Patton Boggs LLP, a lobbying and law firm headquartered in Washington, D.C. Chevron had filed counterclaims in federal court against Patton Boggs for its role in a lawsuit against the company in Ecuador. In today's settlement, Patton Boggs has resolved those claims by withdrawing from the fraudulent Ecuador litigation, issuing a statement of regret, assigning its interests in the litigation to Chevron, and making a payment to Chevron of $15 million. Chevron, in turn, has agreed to release all claims against Patton Boggs and its partners.

"We are pleased that Patton Boggs is ending its association with the fraudulent and extortionate Ecuador litigation scheme. Chevron detailed its objections to Patton Boggs' conduct in its counterclaim, and today's agreement brings that litigation to an end. Chevron encourages others to disassociate themselves from this fraud," said Hewitt Pate, Chevron's vice president and general counsel.

Tags: Chevron Corporation