Hints and tips:
...He convinced a Houston jury that his client Pennzoil had been cheated after Texaco (by then a New York company) had “tortiously interfered” in Pennzoil’s signed deal to buy rival Getty Oil....
...Jamail had convinced a Houston jury that his client Pennzoil had been cheated after Texaco (by then a New York company) had “tortiously interfered” in Pennzoil’s signed deal to buy rival Getty Oil....
...Shargel’s firm was a far cry from Cravath, where Gravante had toiled on sprawling corporate cases like the 1980s Texaco-Pennzoil litigation. “We had organised crime cases, there were drug cases....
...Indeed, the Darmatal discovery – based on Pennzoil studies dating back to 1970 – was made in the Boquerón department, near to the Bolivian border....
...In 1984, Texaco trumped a $2.6bn deal by Pennzoil to buy a stake in Getty Oil with its $10.1bn proposal to buy the whole company....
...At the height of the private equity boom of 2005-2006, buy-out executives and investment bankers waxed lyrical about their iron-clad “partnerships” on daring leveraged bids for ever-larger companies....
...In Pennzoil v. Texaco, Jamail won from Texas courts damages of $10.5bn for Pennzoil after Texaco encroached on an informal but still binding contract Pennzoil had to buy another company; Getty Oil....
...That claim recalled a landmark 1980s case in which a Texas court ordered Texaco to pay $10bn to Pennzoil for meddling with its planned acquisition of Getty Oil....
...In that case, Pennzoil was awarded billions of dollars in damages....
...The most notable was a 1985 verdict in which oil company Texaco was ordered to pay Pennzoil $10bn for meddling with its attempted merger with Getty Oil....
...The Anji Jiffy Lube chain will use an established US brand, Jiffy Lube, that Shell acquired when it bought Pennzoil-Quaker State in 2002....
...The mammoth Pennzoil refinery is being dismantled, its giant pipes and tanks disabled. Other oil concerns based here have left as well, taking thousands of jobs....
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