TOC Retail, Inc. v. Gulf Coast Oil Co.

ORDER AND REASONS

JONES, District Judge.

Pending before the Court are cross-motions for partial summary judgment on liability filed by the parties. Having reviewed the memoranda of the parties, the applicable law and the record, the Court GRANTS the motion for partial summary judgment of defendants/counterclaimants and DENIES the motion for partial summary judgment of plaintiff.

Background

A. General Facts

Gulf Coast Oil Company of Mississippi, Inc. (hereinafter “Gulf Coast”), whose stock was owned by the Paciera family, had been in business for many years prior to 1959 owning, leasing, and…