Judge drops $1 billion award case in Nigeria over Chevron shares

By Khorri Atkinson (January 31, 2022, 4:10 PM EST) – A New York federal judge who for nearly four years presided over a trial to enforce a $1.1 billion arbitration award against Nigeria’s state-owned oil company recused himself after finding out he owned stock in Chevron Corp., the parent company of one of the winners.

U.S. District Judge Richard M. Berman on Thursday informed Ruby J. Krajick, Clerk of the Southern District of New York, that he had sold the shares he owned in Texaco Nigeria Outer Shelf Ltd. of Chevron while overseeing the case, but he will no longer do so. oversee the litigation. Krajick updated the parties in the case on…

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