Word: texaco
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Dates: during 1980-1989
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Pennzoil this week called upon Harvard constitutional law expert Laurence H. Tribe '62 for help in its $10.53 billion law suit against Texaco...
Tribe, who is Tyler Professor of Constitutional Law, agreed to help Pennzoil appeal the latest decision in its ongoing legal battle with Texaco over an attempted takeover of Getty...
Last November, a Texas jury ruled that Texaco pay Pennzoil an unprecedented $10.53 billion for interfering in Pennzoil's attempted partial takeover of Getty...
...initial suit, Pennzoil claimed that it had a binding agreement to buy a part of Getty Oil at the time that Texaco moved in and purchased the whole company. The Texas court agreed and last November slapped Texaco with what is by far the largest damage award an American court has imposed on a corporation...
Last Friday, Judge Charles L. Brieant, who sits on the federal bench in White Plains, New York, waived a Texas law requiring Texaco to post a bond for the full amount of the penalty, plus interest, before it could proceed with its intended appeal...