European Stars And Stripes (Newspaper) - April 8, 1987, Darmstadt, Hesse                                Page 4 the stars and stripes supreme court rules against Texaco Oil company May have to Post $ 11 billion Bond Washington Cap the supreme court Rule monday that a Federal judge mistakenly excused Tena co inc. From posting i potentially ruinous $ i billio Bond in in court Bittle with Pennzoil co by a 9-0 Vole the justices overturned � Federal court ruling thai Texaco need put Only $1 billion in Security while the Case it pending in the courts. But monday ruling left open the possibility hat Texaco could avoid posting the $11 billion Bond through a successful Appeal in Tunas stale courts . District judge Charles Brint in White Plains,,. Should have abstained from decreeing a reduction in tenant s Bond said Justice Lewis of Powell forthe court Powell said Federal judges should not Rule in such cases until stale courts have the Opportunity to review he issues raised he said the constitutionality of the s11 billion Bond which Texaco said could drive it out of business w Best left to the Texas courts for now 11 we Wynot say that Thoie courts when this suit was filed would have been any leu inclined than a Federal court to address and decide the Federal constitutional claims Powell said Pennzoil spokesman Mickey Gentry said we Renot going to make any comment until we see the Deci Sion. We Haven t seen the actual decision yet but of course we re very pleased a lawyer for Texaco Max r. Shulman had no immediate comment. A state court jury found in 1985 thai Texaco improperly interfered with Penniall s planned acquisition of an interest in Getty Oil co the jury  1.1 billion against Texaco the appeals court reduced me jury award to j8.5billion. But with interest payments the total amount owed by Texaco is approximately $11 billion Texaco lawyers said. Texas like Moil males requires the losing Side i such cases to Pon Bond to protect the winning Side. Texas requires a Bond roughly equal a he judgment before the losing Side is permitted to Appeal. Lawyers for Pennzoil which to based in Houston accused Texaco of going to Federal court in White Plains . Where Texaco i based in an Endrun to avoid the Texas court ruling. Orient ruled that a Bond equal to the amount of the jury award could drive Tenaro out of business Effo 1lively denying it the right to Appeal. There has been speculation that a supreme i supreme Toun Rou Thip ruling favouring Pennzoil could pressure text or int settling tie Case. A Texas appeals court last february up of most of the Mutti billion Dollar award against texan Getty and Pennzoil announced Jana 19s4, a agreement in principle to merge. Two duh later Texa co reached an agreement to acquire go Texaco argued thai there was Jcj Tidence that the company knew of any contract bet Iron Pennzoil and Getty. Pennzoil insisted that Gelly a Pennzoil had a agreement and that Texaco was pare of it. In monday s ruling the syn fee court did not de cide whether state Laws tha Muire the posting of such Large Bonds Are Constitution we express no opinion on the claims Texaco has rated. Nor on tie Potsi Allily that Texaco now could raise Icse claim i in the Texas courts Powell  we Dalde Only that in was inappropriate for Brinl to Eoj certain these  in other ass the court said Federal Taw protecting workers retirement and Ali Fenity pay bars those workers from suing under state jews when disputes Over benefits arise. Me justices unanimously ruled that workers who end they Are being shortchanged on Benefit May 1 use stale Laws to allege improper handling of Benet claims rejected an Appeal by a Chicago Man who face deportation for concealing his role As & nazi concentration Camp guard before world War ii. The court without comment let stand a ruling tha Conrad Schellong 77, May be deported although there is no evidence he took direct part in any prison Cam brutality. Rejected an emergency request by a Western air lines Union and refused to interfere with the i860 Mil lion merger of Western with Delta air lines. The court without any recorded dissent let Sta Dan order issued wednesday by Justice Sandra Day o Connor that cleared the Way for the merger refused to hear a Challenge by animal right groups to the treatment of monkeys used in Laboratory research. The court without comment let stand a ruling in Maryland Case that private citizens May not sue laboratories receiving Federal Money and covered by Feder Al regulations. The pen Oil Case is Pennzoil is. Texaco 85-1798. Ga4 keeps its no. 1 ranking on Fortune 500 list new York up general motors corp. Is no. 1. Despite a year in which its principal rival produced belter earnings. General Molon strengthened ils grip on the no 1spot on the Fortune 500 list As the nation s largest Industrial company the Magazine said monday. The automaker posted 1986 sales of$102,8 billion a 0.7 percent gain Over the previous year s $96.4 billion Exxon corp the world s largest Oil company ranked no 2 on the list for the second consecutive year with 1986 sales of $69.9 billion. The 1986 Fortune 500 corporate America s Best Sellen reflected the tagging fortunes of big Oil companies an the strength of Auto sales. In 1981, 12 of the top 20 companies on he list were Oil companies including four of the top five. This year Only 7 of vandals p on Lincol Springfield 111. A Vavial Spray painted racist slogans and syst owls on Lincoln s Tomb Over the a end hut state officials monday said the Hope to have the Graffiti remove my next week s anniversary of his assassination. The red and whee graft inscriptions which cover about to thirds of the Monument s West Side were discovered sunday and were Pai of wider vandalism in the Oak  police said. / "11 says White Pov a and there s flaming Cross and lungs you could t print in the paper Aid Nan Wynn sit supervisor for the Illinois historic preservation Agency which oversees the Tomb. Wynn said testing to find the bes method for removing the paint would begin immediately with the goal of re the top 20 represented the Oil Pate Ford motor co. Moved into Wjk third position with 1986 sales of $63�f billion replacing Mobil Oil corp., Vrh fell Tono. 5, on sales of $44.9 baud it International Busi tit machinescorp., with sales or$s1.3biljjoa, moved into the no. 4 postilion Job highest rank ing Ever on the fou too list. Rounding out to Wisp 0 Genera electric $35.2 by Ujjin. Tales american Telephone & Terrah $34 billion Texaco s31.6 Boron Dupont $27.1 billion and ,jz4.4 billion. Chrysler mired from no. 13 to no,11, its higher position on the list since 1978, f Bigaila Ebestine was dramatic  no 6 to no. A Chevron from i 7 to no 10, Amoco from  too. 13, Shell from no. 14 to no. Is aft Atlantic Richfield from no. 12 int Graffiti s Tomb moving the Graffiti before april 14, the122nd anniversary of Lincoln s Assassin  spokesman Mike Murphy said the vandalism appeared to be the work of High school students who also painted first names on the Monument and mad several references to 1987, apparently indicating a graduation  vandals apparently climbed Over the cemetery Fence and broke or knocked Over 33 tombstones in the oldest Section of the cemetery Murphy said. They also painted Graffiti near the Entrance to the , his wife Mary Todd and three of his four sons Edward William and Thomas Are buried in the Tomb which draws about 300,000 visitors each year. The other son. Robert is buried in Arlington National cemetery. To no. 20. Only Exxon held its position although it suffered a 19.4 percent de Cline in earnings Fortune said. Philip Morris and Rwjr Nabisco mad Strong advances Philip Morris jumped to no 12 from no. 27. And Rwjr Nabisco climbed to no. 14, up from no. 23. Two other companies rejoined the top20. Boeing was no. 16, up from no. 21, and Procter & Gamble moved to so. 8,up from no. 21. The effects of restructuring continued to Ripple through the ranks of the industrials which last year employed600,000 fewer workers than they did in 1985," the Magazine  addition other companies disappeared from the list. Thirteen were Swal Lowed up by other 500 companies and 12 went private As a result . Al the same time 33 new companies appeared on the  of the Fortune 500 Compa Nies reported lower sales in 1986 than in1935. Tola revenues of the 500 declined the Magazine said dropping 5percent, to $1.7 trillion from a record $1.8 trillion the year before. The cutoff figure to make the 500 list also declined. Rochester 4 Pittsburgh Coal based in Indiana a and ranked no. 500, had annual revenues of $420 million some $4 million below the 500lhcompany in 1985. Among the Stales new York Illinoisan California repeated As the no. 1, no 2 and no. 3 Homes for the Fortune 500.sixty-six of the 300 companies Call new York state their Headquarters Dow from 75 last year with so based in Illi Nois and 38 based in California. To qualify As a Fortune 300 Industrial More than half of a company s sales must be derived from manufacturing or min ing. This year s list appears in the mag Azine s april 27 Issue. Cops april fool sting puts 1 Back in prison Philadelphia a a april fools Day letter promising Cash to former prisoners persuaded ii people to show up at a prison where they were promptly put behind bars again according to police. The letter told the suspects the fictitious Philadelphia prison reimbursement fund owed them up to$475 for their earlier incarceration police said. When they appeared at the Phila Delphia detention Center on sunday detectives booked them on outstand ing warrants including charges of robbery burglary Ami aggravated As Sault police said. A couple of them laughed after the initial Shock wore  said mar tin Zletz the detective who organized the sting. He said the letters which were dated april i were sent to 90 hard to fed suspects at their last known address and to relatives and associates. Dietz said 15 men responded but two failed to show and two were arrested on other charges before sunday Dietz said the idea for the sting came from police in Denver who netted 67 fugitives in january by of Fering free football tickets. Dietz said the suspects who an swered generally had been offered More Money than those who did l