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Pennzoil Texaco court battle over a handshake deal
Pennzoil and Texaco fought a ten billion dollar breach case over an alleged 1984 handshake agreement with Getty oil. The jury awarded Pennzoil 10.53 billion in damages, with interest accruing while both sides weigh settlements and possible appeals amid questions of contract validity and corporate consequences.
MENTIONED IN THIS ARTICLE
Sharon Herbaugh
Associated Press
Houston
Pennzoil Co
J. Hugh Liedtke
Lexaco Inc
Getty Qi Co
Liedtke
Texaco
Pennzoil
U.S
Family Trust
LO Lexaco
Chevron Corp
Gulf Corp
Chancery Court
Delaware
Getty Oil
Getty
Wall Street
Gordon Getty
Richard Keeton
Getty Board
America
Richard Lawler
Solomon Casseb Jr
Fennzoil
John Jeffers
Cassel