According to an internal Burford document--which outlined proposed economic terms for funding the plaintiffs in the Lago Agrio litigation--Burford was concerned about an "unnaturally low" settlement. To prevent that, it didn't want the plaintiffs to settle for less than $900 million without Burford's consent.
Burford Didn't Want Chevron Plaintiffs To Settle for Less than $900 Million, According To Internal Report
The Litigation Daily
July 31, 2012
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