Pan-Islamic Trade Corp. v. Exxon Corp. Book Reviews

Pan-Islamic Trade Corp. v. Exxon Corp. by Fifth Circuit United States Court Of Appeals Book Summary

Pan-Islamic Trade Corporation ("Pan-Islamic") brought suit against sixteen oil companies, claiming that it was prevented from selling Algerian crude oil which it had purchased from Sonatrach, the national oil company of Algeria, as a result of an unlawful worldwide boycott and conspiracy against Algerian oil entered into by the defendant oil companies. Pan-Islamic alleged violation of Sections 1 and 2 of the Sherman Act, 15 U.S.C.A. §§ 1 and 2, and tortious interference with contract rights. During the course of the litigation below, Pan-Islamic moved for, but was denied, leave to file an amended complaint. After discovery, the trial court, in a decision reported at 1976-2 Trade Cas. P 61,024 (S.D.Tex.1976), granted all the defendants motions for summary judgment with respect to all claims. The issues we must decide on this appeal are (1) whether leave to amend should have been granted, (2) whether discovery was improperly limited, and (3) whether summary judgment should have been granted the defendants with respect to the Section 1 Sherman Act claim. We affirm the trial courts decision in all respects.

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