Case Details

Year Initiated/Committed

2002

Year Resolved

2002

Settlement Amount

$56,801

Court

U.S. District Court for the Western District of Missouri

Docket Number

02-4190-CV-W-NKL

Lead State

MO

Participating States

MO

Defendant(s)

Conoco, Inc., Phillips Petroleum Company

Case Description

State joined other states and Federal Trade Commission in review of proposed acquisition of petroleum companies. (see Texas v. Conoco, Inc.) States and FTC sought to enjoin merger or to remedy anticompetitive effects from proposed acquisition by petroleum company of competitor. Missouri settlement incorporated divestiture terms and set temporary caps on certain transition-related costs that could be required by the merging parties of dealers in regions most affected by merger. Parties also reimbursed State for fees and costs of investigation. Separate consent judgments were reached by Federal Trade Commission and other states.