6th Circuit Reverses Valero's Victory On Contract

Law360, New York (April 8, 2008, 12:00 AM EDT) -- A federal appeals court has resurrected a contract dispute between Valero Energy Corp. and petroleum products wholesaler Source Associates Inc., finding that the lower court erred when it dismissed the claims against Valero.

Judge R. Guy Cole Jr. of the U.S. Court of Appeals for the Sixth Circuit issued an order Friday reversing the district court and rejecting Valero's argument, which formed the basis of the lower court's decision, that the contract between the two companies was based on legally insufficient consideration.

Valero, North America's largest...
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