Open AccessPennzoil v. Texaco
Author(s) -
Mark G. Yudof,
John L. Jeffers
Publication year - 1988
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr712
Subject(s) - settlement (finance) , law , political science , law and economics , economics , finance , payment
This paper discusses the Pennzoil v. Texaco litigation, which produced the largest civil judgment, $10.53 billion US., and the largest civil settlement. $3 billion U.S.. in American history. It describes the facts of the case, provides an overview of the American legal principles respecting Contract formation and tortious interference with contract, and considers some of the policy issues arising therefrom.
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