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A provincial appeals court in Ecuador rejects Chevron's (CVX) efforts to overturn an $18B judgment for the spilling of chemicals into the Amazon. Chevron could go to the next level of Ecuador’s judiciary, although even if it ultimately loses, investors don't think the company will suffer a big cost, as it doesn't have major assets in the country.

http://www.bloomberg.com/news/2012-01-04/chevron-loses-bid-to-throw-out-18-billion-award-in-ecuador-pollution-case.html