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Texaco settles with Pennzoil for $3 billion in plan
Texaco will emerge from bankruptcy under a $5.5 billion reorganization plan signed with Pennzoil. Texas judge Howard Schwartzberg welcomed the settlement as a path to end the 1980s dispute, with Texaco to pay Pennzoil $3 billion and other creditors $2.5 billion.
MENTIONED IN THIS ARTICLE
New York
Texaco Inc
White Plains
Texaco
Pennzoil. Co
Pennzoil
Pennzoi
Hugh Liedtke
Fentgntlaener
Pennzgil
Houston
James W. Kinnear
Hly
York
Weil, Gotshal & Manges
Liedike
Kinnear
Westchester County
Howard Schwartzberg
Plos
Exxon
Mobil
Texaco-Pennzoil
Texas
Supreme Court
Peanzod Co
Getty
Getty Oil
Texano
Solomon Gasseb Jr
Pur & Bond
U.S
Charles Brigant
Brigant
Brieant
Texas Court of Appeals
U.S. Supreme Court
U.S. Bankruptcy Court
Howard Schwarzeberg
Getty Oil Co