Owens-Illinois Misrepresented $1.2B Sale, Packaging Co. Says

Law360, New York (April 5, 2013, 6:14 PM EDT) -- Owens-Illinois Inc. didn't tell Graham Packaging Co. LP about big changes to its contracts with Clorox Co. and Unilever NV while it was selling its plastic container business to Graham for $1.2 billion in a 2004 stock purchase agreement, a Graham attorney told a New York state judge Friday.

Graham Packaging's Laurence S. Shtasel of Blank Rome LLP urged Judge Barbara R. Kapnick during a hearing Friday to grant summary judgment to Graham Packaging, arguing that evidence and depositions had shown that Owens-Illinois didn't tell Graham...
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