Printer Friendly

$200 MILLION DAVID VS. GOLIATH LEGAL BATTLE ENTERS SECOND HALF IN FEDERAL COURT IN CAMDEN

 $200 MILLION DAVID VS. GOLIATH LEGAL BATTLE ENTERS SECOND HALF
 IN FEDERAL COURT IN CAMDEN
 NEW YORK, Feb. 28 /PRNewswire/ -- A 12-person federal court jury in Camden, N.J., has been watching two legal heavyweights do battle in a case where the plaintiff is seeking over $200 million in damages.
 The defendant, the Witco Corporation (NYSE: WIT), a New York based oil and chemical conglomerate, is being represented by former New Jersey governor Brendan Byrne. Witco is being sued by the Lightning Lube company, a now-shuttered New Jersey based fast lube chain. Lightning Lube is being represented by Steven M. Kramer, a New York lawyer who was named by the National Law Journal last month as the largest verdict winner in the United States for 1991.
 Lightning Lube charges that the Kendall oil division of Witco drove it out of the fast lube business in order to protect it multi-million- dollar investment in Avis Lube. Lightning Lube charges that because it was a lower cost operation than Avis Lube it could afford to charge lower prices to the public for quick lube services.
 Lightning Lube charges that after its rejected Kendall's buy-out offer in August of 1986, Kendall proceeded to slander Lightning Lube to its franchisees, causing them to take down their signs, destroying the chain.
 Lightning Lube also charges that Kendall/Witco has defrauded the motoring public by falsely representing its oil as 100 percent Pennsylvania oil when in fact its oil predominantly comes from Holland, Brazil and the Caribbean. Lightning Lube charges that Kendall has been able to charge a premium price for its oil by keeping from the public the information concerning the source of its oil.
 -0- 2/28/92
 /CONTACT: Steven M. Kramer, Esq., 212-586-0707, 215-981-5468, 800-662-4112, 212-956-2354 or 212-301-6145, or fax, 212-586-0707 or 212-757-7606/ CO: Lightning Lube; The Witco Corporation ST: New Jersey IN: AUT SU:


GK -- NY047 -- 3764 02/28/92 13:55 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 28, 1992
Words:321
Previous Article:STATE HEALTH AGENCY REPORTS NO INCREASE IN SEAFOOD COMPLAINTS
Next Article:PHARMACEUTICAL RESOURCES ANNOUNCES SETTLEMENT OF FINAL ASPECT OF SHAREHOLDER LAWSUITS
Topics:


Related Articles
WITCO APPEALS JURY VERDICT IN LIGHTNING LUBE CASE; LIGHTNING LUBE CONFIDENT THAT PUNITIVE DAMAGES WILL BE RESTORED
Bigger they are ... (Lubicon).
Optiva Challenges Braun's Attempt to Delay Trial.
Motown Beverage Calls for Boycott of Philips Electronics Products.
Vivendi, Universal's Parent Company, Sued for $100 Million In U.S. Federal Court.
Zango Games Unleashes Greatest Underdog Saga of All Time - David vs. Goliath; Hang on to Your Slingshot; David Takes on the Evil Goliath and His...
I own the Toon.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters