State of California v. Valero Energy Corporation, Valero Energy Partners LP, Plains All American Pipeline LP
Published: Feb. 23, 2018 | Result Date: Oct. 12, 2017 |Case number: 3:17-cv-03786-WHA Settlement – Equitable Settlement
Judge
Court
USDC Northern District of California
Attorneys
Plaintiff
Xavier Becerra
(Office of the Attorney General)
Kathleen E. Foote
(Office of the Attorney General)
Paul A. Moore III
(Office of the Attorney General)
Polly J. Estes
(Estes Law Group)
Charles M. Kagay
(Complex Appellate Litigation Group LLP)
Defendant
William R. Vigdor
(Vinson & Elkins LLP)
for Plains All American Pipeline
Stephen Weissman
(Baker Botts LLP)
for Valero Energy Corp., Valero Energy Partners LP
Facts
The State of California sued Valero Energy Corp. in relation to Valero's attempt to purchase two petroleum storage terminals that were located in Northern California.
Contentions
PLAINTIFF'S CONTENTIONS: The state claimed that the transaction would harm consumers and competition by raising petroleum prices throughout Northern California and Nevada. The state brought claims against the transaction under the Clayton Act and the California Business and Professional Code.
DEFENDANTS’ CONTENTIONS: Valero denied the allegations.
Result
Valero and its affiliates agreed not to purchase the pipelines or storage terminals for the next ten years, and to give the California Attorney General's Office written notice if Valero or its affiliates attempt or seek to acquire them after that time.
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