Cities Service Company v. Gulf Oil Corporation

BVLaw
Full Text of Court Cases
March 2, 1999
contract
breach of contract, merger

Cities Service Company v. Gulf Oil Corporation
1999 OK 14
US
State Court
Oklahoma
Supreme Court
Lavender

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.