Quote:
Originally posted by Kimmykim
LOL nevermind, I'll give you credit, you just love to pick at anything you think might be a sore. I'm amazed that your friend the lawyer stuck with a suit for ten years, since most lawsuits are settled well in advance of ten years, what's the case about, I'd like to have a look at it?
|
Kimmy, believe it or not, I wasn't trying to "pick at anything."
I believe the Epoch notice mentions lawsuit expense, and I was just pointing out that antitrust lawsuits are particularly expensive.
I don't have a link handy, but the case was a well-publicized lawsuit involving both the state of California and the city of Long Beach against the oil companies.
They had to prove that the oil companies were manipulating oil prices through a pipeline that they all controlled, making the prices appear artificially lower so they could pay lower royalties on state and city lands.
It was a difficult, lengthy case because you had to show that the prices would actually be higher, but there was no hard evidence to that effect. Hence the typical difficulty with antitrust cases.