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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) January 21, 1994
AMOCO COMPANY
(Exact name of registrant as specified in its charter)
Delaware 1-8888 36-3353184
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
200 East Randolph Drive, Chicago, Illinois 60601
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (312) 856-6111
(No Change)
(Former name or former address, if changed since last report).
This report contains 3 pages.
1.
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
On January 21, 1994, a judgment was entered by the Superior Court of
the State of California, County of Los Angeles, in favor of Amoco Chemical
Company and Amoco Reinforced Plastics Company, subsidiaries of Amoco Company
and Amoco Corporation, against certain underwriters at Lloyd's of London and
various other British and European insurance carriers, in AMOCO CHEMICAL
COMPANY, et al, vs. CERTAIN UNDERWRITERS AT LLOYD'S OF LONDON, et al. In
that case Amoco alleged that the defendant insurers wrongfully refused to
pay for the defense and settlement of product liability lawsuits arising
from Amoco Reinforced Plastics Company's manufacture of irrigation and sewer
pipe in the 1970's. Judgment was entered for $36,120,129.20 in compensatory
damages and $376,545,097.64 in punitive damages. The judgment is slightly
lower than the jury verdicts that were previously reported by Amoco
Corporation.
The judgment is subject to appeal by the defendants. Accordingly, it
is impossible at this time to predict the ultimate outcome of this case or
its impact, if any, on the financial position, results of operations, and
cash flows of Amoco Company.
2.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMOCO COMPANY
(Registrant)
Date February 8, 1994 Daniel B. Pinkert
Daniel B. Pinkert
Vice President
3.
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