Search for: "TEXACO, INC. v. TEXAS OIL & GAS CORP." Results 1 - 2 of 2
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16 Jan 2021, 10:57 pm by Mahmoud Khatib
Unfortunately, when negotiations between the parties break down, letters of intent are often at the center of litigation.[2] In perhaps the most famous example of litigation around the enforceability of a letter of intent, Pennzoil won a judgment against Texaco for $10.5 billion, and Texaco was forced to seek bankruptcy protection.[3] Despite the legal risks, companies continue to use letters of intent. [read post]
31 Jan 2010, 7:16 pm by admin
Click Here Pacific Pipelines to pay penalty for oil spill. - Eric Watkins, Oil & Gas Journal, January 25, 2010 The US Department of Justice and Environmental Protection Agency said Pacific Pipeline Systems LLP, a Long Beach, Calif. [read post]