Case Details

Year Initiated/Committed

2001

Year Resolved

2001

Settlement Amount

$484,016.16 costs (total for OR and CA)

Court

U.S. District Court for the District of Oregon

Docket Number

CV01-1830 (Ore.)

Lead State

CA, OR

Participating States

CA, OR

Defendant(s)

Valero Energy Corporation; Ultramar Diamond Shamrock Corporation

Case Description

The States (CA and OR) sought to enjoin Valero and Ultramar from consummating a merger which the States alleged would substantially reduce competition in the bulk supply and wholesale marketing of gasoline. Valero and Ultramar agreed to settlement terms with the Plaintiff States. In exchange for consummating the merger, Ultramar and Valero agreed to divest the Golden Eagle CARB Refining and Marketing assets in order to ensure that there remained viable competitors in the business. In addition, the companies agreed to pay a monetary sum of $484,016.16 in attorneys fees and costs for work performed up to entry of the consent decree and final judgment. The Federal Trade Commission also participated in the investigation.