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STERTZ v. GULF OIL CORP.

No. 78 Civ. 1813.

528 F.Supp. 735 (1980)

Joseph STERTZ and Louis De Nicola, on their behalf and as representatives of all purchasers of oil and petroleum products from the Defendants, Plaintiffs, v. GULF OIL CORPORATION, Defendant, and James Schlesinger, Secretary of the Department of Energy, As Stakeholder. Jeffrey A. WEINER, on his own behalf and as a representative of all others similarly situated, Plaintiff, v. GULF OIL CORPORATION, Defendant, and James Schlesinger, Secretary of the Department of Energy, As Stakeholder.

United States District Court, E. D. New York.

March 6, 1980.

Attorney(s) appearing for the Case

Null & Null, P. C., Garden City, N. Y. by Douglas P. Null, Garden City, N. Y., Arnold Levin, Philadelphia, Pa. [Adler, Barish, Daniels, Levin & Creskoff, Philadelphia, Pa.], for Jeffrey A. Weiner.

Lord, Day & Lord, New York City, for Gulf Oil Corp.; John W. Castles, 3d, Michael J. Murphy, Banks Brown, New York City, Joe A. Rudberg, Thompson & Knight, Dallas, Tex., of counsel.

E. R. Korman, U. S. Atty.-E. D. N. Y., Brooklyn, N. Y. by Elaine C. Buck, Asst. U. S. Atty., Brooklyn, N. Y., for Dept. of Energy; Larry Ellsworth, Ted P. Gerarden, Paul M. Geier, Attys., Washington, D. C., of counsel.

MEMORANDUM AND ORDER

PLATT, District Judge.

With the advent of the economic dislocations of the early 1970's, Congress enacted the Economic Stabilization Act of 1970, 12 U.S.C. § 1904 (note) ("the Act"). One of the stated purposes of that Act was to attempt to control the inflation that then afflicted, and more recently has devastated, our economy.1 Particular attention was given to the oil industry, as evidenced by Congress...

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