Summary
The Oklahoma Supreme Court affirmed the jury's decision to award Cities the amount it expensed to repurchase treasury stock in anticipation of a merger with Gulf plus attorney's fees as reliance damages for Gulf's breach of the merger agreement.
Cities Service Company v. Gulf Oil Corporation
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See Also
Proposed Reductions in Value Must Be Supported by Competent Evidence
The Oklahoma Supreme Court affirmed the jury's decision to award Cities the amount it expensed to repurchase treasury stock in anticipation of a merger with Gulf plus attorney's fees as reliance damages for Gulf's breach of the merger agreement.