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OCCIDENTAL PETROLEUM CORP. v. WELLS FARGO BANK

CIVIL ACTION NO. H-21-1126.

622 F.Supp.3d 495 (2022)

OCCIDENTAL PETROLEUM CORP. and Anadarko Petroleum Corp., Plaintiffs, v. WELLS FARGO BANK, N.A., Defendant.

United States District Court, S.D. Texas, Houston Division.

Signed August 18, 2022.

Attorney(s) appearing for the Case

Mark R. Dore , Kathy Dawn Patrick , Gibbs & Bruns LLP, Houston, TX, for Plaintiffs.

Christian Kemnitz , Katten Muchin Rosenman LLP, Chicago, IL, Jeffrey Lloyd Joyce , Joyce McFarland LLP, Houston, TX, Kelly Dean Hine , Megan Crosby McKennon , Katten Muchin Rosenman LLP, Dallas, TX, Rebecca K. Lindahl , Katten Muchin et al., Charlotte, NC, for Defendant.

MEMORANDUM AND ORDER

This case involves missteps in executing planned stock sales that delayed the sales long enough for the global pandemic and stock market drop to greatly reduce the selling price. Wells Fargo was the trustee for a so-called rabbi trust that held stock and money to...

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