Judge Preserves $200M Suit Alleging BP Sold Rivals Cheap Gas

Law360, Los Angeles (June 25, 2012, 3:54 PM EDT) -- A California state judge on Monday refused to trim a $200 million breach of contract lawsuit accusing BP West Coast Products LLC of undercutting its own franchisees by selling less-expensive generic gasoline to rival gas stations.

Los Angeles Superior Court Judge Elihu M. Berle preserved a breach of implied covenant claim brought by 72 owners of BP and Atlantic Richfield Co.-branded gas stations that are required to purchase ARCO-brand gasoline, saying it's not yet clear whether the gas station owners' business suffered because BP supplied cheaper...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.