Calif. AG Denied Temp Block Against Valero Terminal Buy

By Eric Kroh (July 14, 2017, 3:37 PM EDT) -- A California federal judge has denied a bid by the state attorney general to temporarily block Valero Energy Corp. from purchasing two San Francisco-area petroleum storage and distribution terminals owned by Plains All American Pipeline LP.

U.S. District Judge William Alsup on Wednesday turned down the request by California Attorney General Xavier Becerra for a temporary restraining order to block the acquisition, but said Becerra could seek a preliminary injunction if he wished. Judge Alsup also granted Valero's call for limited discovery in the proceedings, seeing as Becerra's office has been investigating the deal for several months.

According to court documents,...

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