In Re:
Every case has a story. Learn the strategies behind the most consequential legal matters in American jurisprudence.
In Re:
Pennzoil v Texaco: Part 2
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Tommy Kherkher
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In this episode of In Re, we dive deep into one of the most dramatic and costly legal showdowns in American corporate history — Pennzoil v. Texaco.
We explore:
- The high-stakes players: How oil giants Pennzoil and Texaco collided in a bitter fight over a third company — Getty Oil.
- The courtroom drama: We break down the trial that led to the largest civil verdict in U.S. history at the time, $10.53 billion.
- The aftermath: What happens when a company owes billions? We track the fallout, from appeals to Texaco’s stunning bankruptcy filing, and the eventual settlement.
This case wasn’t just about contracts — it was about corporate ambition, courtroom theatrics, and a legal precedent that reshaped deal-making in America.