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[U] Pacific Gas And Electric Co. V. Howard P. Foley Co.

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Plaintiff, Pacific Gas & Electric Company ("PG&E" or "Plaintiff" or "Appellant"), sought treble damages for the period 1972-1977 during which it paid Defendant Howard P. Foley Company, Inc. ("Foley") contracting company cost-plus 15%, a rate which PG&E alleges was possible only as a result of bid-rigging in violation of either the Sherman Act or RICO or both. PG&E alleges that a competitive fee during that time period would have been between cost-plus 4% and cost-plus 8%. PG&E calculates the excess fees as between $3.5 million and $4.6 million. PG&E also sought to recover as damages, to be trebled, the cost of financing these excess charges and calculates these financing costs as between $17.5 million and $22.4 million.

[U] Pacific Gas And Electric Co. V. Howard P. Foley Co.
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  • 0,99 €
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Law
  • Published: 06 March 1996
  • Publisher: LawApp Publishers
  • Print Length: 22 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

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