Waldron v. British Petroleum Co.

HERLANDS, District Judge:

PART 1 *

The issues raised by defendants’ motion to dismiss plaintiff's antitrust action and for summary judgment 1 have such far-ranging implications that an extensive recital of the facts is unavoidably necessary.

' Factual Background.

The controversy at bar originates out ,of the, dispute between Great Britain and Iran over the nationalization of Iranian oil. In March and April of 195Í, the Iranian Parliament, under the leadership of Dr. Mossadegh, enacted legislation which nationalized the oil industry ar;d thereby abrogated a concession held by the Anglo-Iranian Oil…