October 14, 2022
Valvoline is nearing a settlement with its ex-parent company over its suit alleging Valvoline owes it $29 million in unused tax benefits, the parent company told a New York federal court Friday, saying they've reached an agreement in principle.
January 27, 2022
Valvoline's former parent company can't force it to claim and reimburse it with $29 million in tax benefits after a New York federal judge found an agreement between the businesses didn't clearly require the use of the tax breaks.