Dec. 28, 1983: Hoping to capitalize on dissension among Getty Oil Co. directors, Pennzoil Co. offers to buy about 20 percent of Getty's available stock for $100 a share.
Jan. 3, 1984: Pennzoil raises its offer and Getty directors agree to sell Pennzoil 42 percent of Getty's stock for up to $112.50 a share. But the "Memorandum of Agreement" is not signed.
Jan. 6, 1984: Texaco Inc., invited by Getty's investment bankers to make a competing bid, tops Pennzoil's offer. Getty interests agree to sell the entire company to Texaco for $125 a share, later raised to $128.
Jan. 10, 1984: Pennzoil sues Texaco in Delaware Chancery Court. The judge later denies Pennzoil's suit but says the question of whether Texaco wronged Pennzoil is a "close one."
Feb. 8, 1984: Pennzoil moves its damage suit against Texaco from Delaware to the Texas courts, charging that Texaco interfered with a valid, binding contract between Pennzoil and Getty.
July 9, 1985: Pennzoil's suit goes before a jury in a Texas state court in Houston.
Nov. 19, 1985: The jury verdict requires Texaco to pay Pennzoil $7.35 billion in actual damages to compensate Pennzoil for the loss of Getty oil reserves, and $3 billion in punitive damages.
Dec. 10, 1985: Trial Judge Solomon Casseb Jr. approves the jury verdict, which totals $11.1 billion including interest as of that date.
Dec. 17, 1985: A U.S. District Court in New York issues a temporary order reducing Texaco's bond and blocking Pennzoil from filing liens on Texaco property or taking other action to enforce the judgment while Texaco's appeals are pending.
Feb. 20, 1986: The 2nd Circuit Court of Appeals in New York upholds the district court's injunction temporarily protecting Texaco during the appeals period.
July 31, 1986: Texaco's appeal of the Texas jury's verdict and Judge Casseb's ruling will be argued before the 1st Supreme Judicial District of Texas.