Lawyers: Firestone pressures plaintiffs

Article Abstract:

Bridgestone/Firestone is allegedly using the threat of bankruptcy to pressure lawyers suing the company into agreeing to a settlement agreement on tread-separation lawsuits. The move is deemed as part of a two-pronged strategy to keep the cases from going to trial. Bridgestone/Firestone has also asked judges in Texas to postpone trials so a state legislator can act as one of its lawyers. Once Bridgestone/Firestone files for bankruptcy, people winning judgments against it could have to wait behind other creditors which could delay payments for years.

Tire Manufacturing (except Retreading), Tires, Bridgestone/Firestone North American Tire L.L.C.

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Oil companies subpoenaed in price-fixing investigation

Article Abstract:

Seven oil companies received subpoenas from the FTC in its investigation on whether price-fixing resulted in higher fuel prices in the Mid-West. The companies which received subpoenas are BP Amoco, ExxonMobil, Phillips Petroleum, Citgo, Koch Petroleum, Marathon Ashland Petroleum and Equilon Enterprises. Congress and the Clinton administration requested the FTC to investigate after retail gas prices increased to $2.50 a gallon in Milwaukee and Chicago.

Petroleum Refineries, Oil Products

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