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In her lawsuit, which has been ... In 1986, 10 years after the death of his father, Gordon sold Getty Oil to Texaco for $10 billion. Gordon had four sons, as far as was known to the outside world ...
Getty Petroleum Marketing was sold to Lukoil in 2000, and Lukoil sold it to Cambridge Securities LLC in February 2011. Getty Petroleum filed for bankruptcy protection (Chapter 11) on December 5, 2011. [7] At one point, Getty Oil owned a majority stake of ESPN, before Getty's purchase by Texaco which then sold ESPN to ABC in 1984. [8]
The court case sprang from Texaco having established a signed contract to buy Getty Oil after Pennzoil entered into an unsigned—yet binding—buyout contract with Gordon Getty. [30] In 1987, Texaco filed for bankruptcy. It was the largest in U.S. history until 2001. [31]
Pablo Fajardo in conversation with Silver Donald Cameron about his work.. Pablo Fajardo Mendoza (or Pablo Fajardo) is an Ecuadorian lawyer and activist. He led the litigation against Chevron Corporation related to the environmental disaster he alleged was caused by the oil operations of Texaco (acquired by Chevron Corporation in 2001) in the Lago Agrio oil field between 1964 and 1990.
On this day in economic and financial history... The largest civil-damage award in business history was first rendered in 1985 in the case of v. Pennzoil. However, it was far from certain that the ...
The lawsuit sought compensation for "alleged environmental and personal injuries arising out of Texaco's oil exploration and extraction operations in the Oriente region between 1964 and 1992." [1] Legal proceedings followed in courts in Ecuador and the United States for about a decade.
A former Getty financial advisor accuses the family of cheating on its taxes by millions of dollars. Column: The Getty oil fortune, a family scandal and an alleged multimillion-dollar tax scam ...
Steven Robert Donziger (born September 14, 1961) [1] [2] is an American attorney known for his legal battles with Chevron, particularly Aguinda v. Texaco, Inc. and other cases in which he represented over 30,000 farmers and indigenous people who suffered environmental damage and health problems caused by oil drilling in the Lago Agrio oil field of Ecuador.