FARMANFARMAIAN v. GULF OIL CORP.

No. 75 Civ. 5945.

437 F.Supp. 910 (1977)

Abolbashar FARMANFARMAIAN, Plaintiff, v. GULF OIL CORPORATION et al., Defendants.

United States District Court, S. D. New York.

September 8, 1977.


Attorney(s) appearing for the Case

Paul, Weiss, Rifkind, Wharton & Garrison, New York City by Martin Kleinbard, Robert S. Smith, Adele R. Wailand, New York City, for plaintiff.

Sullivan & Cromwell, New York City by Robert MacCrate, James R. DeVita, New York City, Benjamin T. Richards, Jr., Exxon Corp., New York City, for defendant Exxon Corp.

Hughes, Hubbard & Reed, New York City by Otis Pratt Pearsall, John A. Donovan, Ronald J. Tabak, New York City, for defendants American Independent Oil Co., Atlantic Richfield Co., Charter Oil Co., Continental Oil Co., Getty Oil Co., The Standard Oil Co., an Ohio corp.

Lord, Day & Lord, New York City by John W. Castles, 3d, Eugene F. Bannigan, New York City, Pillsbury, Madison & Sutro, San Francisco, Cal. by Turner H. McBaine, Thomas E. Haven, San Francisco, Cal., for defendant Standard Oil Co. of California.

John E. Bailey, Gulf Oil Co.-U.S., Houston, Tex., M. C. Pfautz, Gulf Oil Co.-U.S., Phila., Pa., for Gulf Oil Corp.

Donovan, Leisure, Newton & Irvine, New York City by A. Vernon Carnahan, John P. Casaly, New York City, H. Francis Shattuck, Jr., David H. Finnie, Mobil Oil Corp., New York City, for Mobil Oil Corp.

Charles F. Kazlauskas, Jr., Lawrence R. Jerz, Texaco, Inc., New York City, for defendant Texaco, Inc.


OPINION

ROBERT L. CARTER, District Judge.

Facts

The plaintiff, Dr. Abolbashar Farmanfarmaian, is an Iranian citizen and resident. He is also a shareholder in the Pazagard Chemical Company ("Pazargard"), an Iranian petrochemical manufacturer, and a company which he founded.1 Plaintiff and members of his family or associates were apparently the sole shareholders in Pazargard until 1965, when the capital structure...

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