History: November 19 (#1)

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November 19, 1985 Pennzoil wins a US$10.53 billion judgment against Texaco, in the largest civil verdict in the history of the United States, stemming from Texaco executing a contract to buy Getty Oil after Pennzoil had entered into an unsigned, yet still binding, buyout contract with Getty.

Commentary

On November 19, in the year 1985: Pennzoil wins a US$10.53 billion judgment against Texaco, in the largest civil verdict in the history of the United States, stemming from Texaco executing a contract to buy Getty Oil after Pennzoil had entered into an unsigned, yet still binding, buyout contract with Getty. Why November 19, 1985 matters: Pennzoil wins a US$10.53 billion judgment against Texaco, in the largest civil verdict in the history of the United States, stemming from Texaco executing a contract to buy Getty Oil after Pennzoil had entered into an unsigned, yet still binding, buyout contract with Getty. What began on this day left a lasting mark on history. The effects were felt immediately and continued to shape events, ideas, and lives long afterwards. Historical context: November 19, 1985 The 20th century brought rapid advances in health, communication, science, and technology that reshaped everyday human experience. The event on this day: Pennzoil wins a US$10.53 billion judgment against Texaco, in the largest civil verdict in the history of the United States, stemming from Texaco executing a contract to buy Getty Oil after Pennzoil had entered into an unsigned, yet still binding, buyout contract with Getty. Source: https://en.wikipedia.org/wiki/Texaco (Wikipedia, CC BY-SA)

Sources: Wikipedia (CC BY-SA)