European Stars and Stripes (Newspaper) - December 12, 1985, Darmstadt, Hesse                                Page 4 the stars and stripes thursday december 12, 1985judge upholds huge Texaco penalty firm will seek new trial or will Appeal award of Pennzoil Houston athe largest civil damage award . Phimory was upheld tuesday by a judge no agreed that Texaco should  Pennzoil co. $10.53 billion focusing unethical tactics to break up a merger Between Pennzoil and Chelty Oil co. Taxa Sci  it would ask for a new trial and. If that failed would Appeal the award which the company said would destroy the nation s third largest Oil company. To Appeal however. Texaco would first have to Post a$12 billion Bond an amount approaching the company s $13.5 billion Nel North. Visiting slate District judge Solomon Cassub or. Approved the award after lawyers and officials Lor Pennzoil and Texaco huddled for More than three hours behind closed doors to work out an agreement designed to keep Texaco out of bankruptcy proceedings. Interest already has brought the local award to $11.12 billion and will continue to accrue at an annual Rale of 10percent, Cassub said. I m elated. I was always confident that the judge would enter the judgment because of the evidence in  said i Enn Oil attorney Joe Jamail. Hugh , Penn Oil chairman asked if he wanted to be chairman of Texaco laughed and said no i . I think that s a hot scat at the  Texaco president Alfred do franc walked out of the courtroom without commenting except to Promise an a peal. Texaco purchased Gully Oil co. Last year for $10.1 billion. Inc second Large so merger in . Corporals history behind Chevron corp s $13.3 billion Purchase of guff corp. But a jury ruled nov. 19 Hal Texaco unethically broke up a previous merger agric men below can Golty Oil and buying big top corporate transactions in billions of dollars Chevron buys Gulf it Scago Tribune graphic source . Grimm & co. Bringing the holy land to . A guide explains a Model of the Tomb of Jesin to tourists Al a Park in Bedford a. The Park Consul is reconstructions of various Sites of significance to christians in the holy land. Discounts up of 80 percent Pennzoil co. Jurors recommended that Texaco pay $7.53 billion in actual  the amount Penn Oil claims it suffered by losing Access to i billion barrels of Getty Oil reserves plus 53 billion As punishment. Texaco argued that Pennzoil and Getty never had an ironclad Deal and that it is being punished for taking advantage of a Pood business  Texaco contends that the award would damage the free Enterprise system leave 55,000 Texaco employees world wide without jobs and signal the total destruction and obliteration of the company. Pennzoil insists that Texaco has enough Money to pay ils debts and pay the judgment and still have enough Money to operate. Under an agreement approved by Cassub As part of his order Pennzoil is not allowed to file any liens against Texaco property during an Appeal or make any attempt to collect the award without the court s permission. He also said Texaco and Getty Oil May not sell assets except those that would be sold during Normal business and Texaco is to be prohibited from filing reorganization petitions under chapter ii of the . Bankruptcy code. If Texaco asks for a new trial the judge has 30 Days to Rule on that request. If he rejects the request Texaco has 30 Days to Post a $12 billion Bond for an Appeal. Meanwhile the ruling against Texaco was greeted wild Shock by analysts who said the ruling would have a dra Matic Impact on the future of the nation s third largest Oil company. I m flabbergasted said William 1. Randol an analyst at the first Boston corp. We never had any doubt that the judge would uphold the jury s findings but rethought he would reduce the  Kaaa delegates urge Complete ban of tobacco ads Washington not the american medical association tuesday called for a Complete ban on the advertising and promotion of All tobacco products. The association s policy making body the mouse of delegates voted overwhelmingly to press for new Federal Laws that would make it illegal to advertise or promote any kind of tobacco product in any form of  the delegates also voted overwhelmingly to seek new Laws Banning vend ing machine sales of cigarettes and setting a minimum Legal age of 21 for purchasing tobacco products. The stands approved tuesday which arc now the association s official policy represent the strongest move made by the doctors organization to curb the health dangers of smoking and tobacco use. Federal Law already bans cigarette advertising on television and radio but the association s new policy seeks to extend the ban to All other tobacco products and All Media types. However Industry and Legal groups protested that therall for a total advertising ban violated the first Amend ment which they said protected the right of commercial speech. The products that would be affected by Lite association s new policy include cigarettes cigars chewing tobacco snuff and any other item containing tobacco. The Media from which advertising would be banned would include newspapers magazines television radio billboards and skywriting. The ban also would extend to promotional activities. 6 More airlines slash ticket prices for Holiday flights new York a six More . Airlines have announced Christmas Holiday discounts of up to 80 percent on most Domestic routes but the fares arc More expensive than the Industry s thanks giving bargains. American airlines United airlines and Western airlines said tuesday they will offer special fares from Christmas Day until Midnight dec. 27 for non refundable round trip tickets purchased by dec. 23. Trans world airlines and Republic air lines matched the offer and Ellen did in by one Day until Midnight dec. 28. Continental airlines announced it would match the special fares on routes where its regular fare was higher than inc Specia Christmas fares. Spokesman Michael Cin Elli said Continental s regular fares already were lower or equal to the special fares offered by the others. Delta Eastern people express and pied Mont announced earlier thai they would apply discounts to the Christmas period. Twa spokeswoman Sally Mcelre Alsaid its Sale also applies to the new year s but passengers travelling then must buy tickets by dec. 30. She also said Christmas and new year s flights can not be combined. Ojay prices will be $49 for routes up i0,50� is n length $69 for 501-to-1,500-mile routes and $99 for Rouls exceeding 1,500 Miles the airlines said. American was first to offer the thanksgivi of 500 Miles or less $49 it sol Tsujo use Tnp Sand $79 for trips exceeding 1,500 Miles. Asked Why the discount was reduced for inc Christmas Holiday Michael w. Gunn senior vice president for passenger Market ing said in a Telephone news conference with the three full Days of travel we feel it s logical to move inc Price up  the sales Are designed to lure impulse travellers who otherwise would not Fly Over the holidays when traffic usually is Light. Several carriers reported last week that the thanksgiving Sale did not boost ridership Smuch As they bad hoped but still described the discounting As a Success