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Paramount Petroleum Corporation was headquartered in Paramount, Los Angeles County, California. [1] It operated a refinery at that location, and was the largest seller of asphalt in California. [1] Paramount also operated a refinery near Portland, Oregon, as well as several marketing terminals in the Western United States. [1]
The court found that, The sale of control in this case, which is at the heart of the proposed strategic alliance, implicates enhanced judicial scrutiny of the conduct of the Paramount Board under Unocal Corp. v. Mesa Petroleum Co., Del. Supr., 493 A.2d 946 (1985), and Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Del.Supr., 506 A.2d 173 ...
Unocal v. Mesa Petroleum Co., 493 A.2d 946 (Del. 1985) [1] is a landmark decision of the Delaware Supreme Court on corporate defensive tactics against take-over bids. Until the Unocal decision in 1985, the Delaware courts had applied the business judgment rule, when appropriate, to takeover defenses, mergers, and sales.
The Supreme Court puts off a decision on whether to intervene in the fight between blue states and oil industry.
The U.S. Justice Department said on Monday it would ask a court to scrap decades-old 'Paramount' consent decrees enacted to protect movie theaters from powerful studios. Makan Delrahim, head of ...
Shares of Oasis Petroleum are down another 14% in Thursday's pre-market trading after plunging 31.6% yesterday, as the company filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern ...
Lawyers for Gregg Davis deny the allegations. The Texas bankruptcy court that had originally approved the deal to sell Davis Petroleum ruled in favor of Gregg and his partners, then a district-court judge dismissed Nancy's appeal. As of 2009 the case had bounced back to the bankruptcy court. [28]
A California law that bans drilling new oil wells near places like homes and schools will take effect after the oil industry on Thursday withdrew a referendum from the November ballot asking ...