Chevron's $744.6M Coastal-Damage Verdict Placed on Hold

A federal appeals court has put a $744.6 million coastal-damage verdict against Chevron back in jeopardy, sending the case to a federal judge and temporarily blocking further proceedings in state courts.

The decision affects Plaquemines Parish's lawsuit against Chevron, which was filed in 2012 over alleged damage caused by the company's operations along the Louisiana coast.

The appeals court has sent the case back to a federal judge, who will now review the evidence and make a new ruling. This development temporarily blocks further proceedings in state courts.