A chronology of events in the bitter legal dispute over Texaco's acquisition in January 1984 of Getty Oil: Dec. 27, 1983 Pennzoil announces an unsolicited bid for 20 percent of Getty Oil.
Jan. 4, 1984 Following a 25-hour board meeting, Getty Oil announces "an agreement in principal" to merge with Pennzoil and a trust contract with Getty Oil's largest shareholder, Gordon Getty.
Jan. 5 Texaco board agrees to pursue a $10.1 billion offer for Getty Oil.
Jan. 6-9 Getty Oil and Gordon Getty accept Texaco's offer.
Feb. 8, 1984 Pennzoil sues Texaco in Houston, claiming it interfered with Pennzoil's deal to acquire Getty Oil.
Nov. 19, 1985 Texas jury rules in favor of Pennzoil, awards Pennzoil $10.53 billion.
Dec. 10 Texas Judge Solomon Casseb upholds judgment for Pennzoil of $11.1 billion, including interest.
Dec. 12 Market for Texaco's commercial paper evaporates. Dec. 17 Ratings concerns downgrade Texaco's commercial paper and long-term debt.
Dec. 20 Texaco and Pennzoil negotiators hold their first serious settlement talks.
Jan. 6-7, 1986 Texaco and Pennzoil boards meet separately to discuss settlement.
Jan. 8 Pennzoil rejects Texaco's offer to drop judgment in exchange for takeover by Texaco.
Jan. 10 New York federal judge orders Texaco to put up $1 billion in security instead of a $12 billion bond to continue its legal battle.
March 25 Settlement talks resume, but again prove unsuccessful.
June 23 U.S. Supreme Court agrees to review earlier decision allowing Texaco to avoid posting huge appeals bond.
July 31 Texaco and Pennzoil lawyers argue their cases before Texas state appeals court.
Oct. 26 Texaco Chairman and Chief Executive John K. McKinley announces retirement. James W. Kinnear becomes president and chief executive, Alfred C. DeCrane becomes chairman.
Jan. 12, 1987 U.S. Supreme Court hears arguments on the appeals bond issue.
Feb. 3 Pennzoil Chairman and Chief Executive J. Hugh Liedtke says he will remain at the company past his 65th birthday. He cites the legal battle with Texaco.
Feb. 12 Texaco appeals court upholds all but $2 billion of the original $11.1 billion judgment in favor of Pennzoil.
April 6 Supreme Court removes Texaco's protection from having to post $12 billion appeals bond. Ruling allows Pennzoil to begin seizing control of Texaco assets.
April 12 Texaco files for Chapter 11 bankruptcy protection, saying it cannot afford the $12 billion bond.
Aug. 19 Australian financier Robert Holmes a Court gets permission from SEC to increase his stake in Texaco from 6.4 percent to 15 percent.
Nov. 2 Texas Supreme Court rejects Texaco's request for a review of the case, leaving Texaco with only the U.S. Supreme Court to overturn the award, now valued at $10.3 billion.
Nov. 23 Carl Icahn, chairman of Trans World Airlines, announces plans to buy a block of Texaco stock from Holmes a Court. The purchase makes Icahn Texaco's largest shareholder, with a 12.3 percent stake.
Dec. 2 The court extends until Jan. 1 the period that Texaco has exclusive right to file its reorganization plan. Court also allows Pennzoil and creditors committee to submit plan.
Dec. 6 Texaco turns down $3 billion settlement offer.
Dec. 8 Court adds shareholder committee to group that may submit plan.
Dec. 10 Pennzoil agrees to $3 billion settlement plan.
Dec. 18 Texaco, Pennzoil, shareholders and creditors agree on reorganization plan that includes a $3 billion payment to Pennzoil.