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DAVIS v. PENNZOIL COMPANY

438 Pa. 194 (1970)

Davis, Appellant, v. Pennzoil Company.

Supreme Court of Pennsylvania.

April 22, 1970.

Attorney(s) appearing for the Case

Norman J. Cowie, with him Robert S. Grigsby, John R. Walters, and Thomson, Rhodes & Grigsby, for appellant.

Edmund K. Trent, with him Jonathan L. Alder, Charles E. McGinnis, and Reed, Smith, Shaw & McClay, for appellee.

Before BELL, C.J., JONES, COHEN, EAGEN, O'BRIEN, ROBERTS and POMEROY, JJ.

OPINION BY MR. JUSTICE COHEN, April 22, 1970:

On April 6, 1965, appellant, Walter Davis, filed an action of assumpsit in the Court of Common Pleas of Allegheny County against the Pennzoil Company, appellee, on two causes of action. The first seeks recovery of $16,661,489, plus interest, for financial advice allegedly given to South Penn Oil Company (appellee's prior name) by appellant under an agreement to pay him at the prevailing rate in the custom of the trade...

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