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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): April 19, 1994
QUAKER STATE CORPORATION
(exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-2677 25-0742820
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(Commission File Number) (IRS Employer Identification Number)
255 Elm Street, Oil City, PA 16301
(Address of Principal Executive Offices)
Registrant's Telephone Number, including area code: 814/676-7676
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Item 5. Other Events
On April 19, 1994, Lazy Oil, Inc. a Pennsylvania corporation, on behalf
of itself and all others similarly situated, and on April 26, 1994, John B.
Andreassi, on behalf of himself and all others similarly situated, commenced
actions in the Federal District Court for the Western District of Pennsylvania
against Witco Corporation, Quaker State Corporation and Pennzoil Company. The
Complaints allege violations of Section 1 of the Sherman Act, based upon an
allegation that the defendants since at least January 1, 1981 combined and
conspired to fix, lower, maintain and stabilize the purchase price of
Pennsylvania Grade crude oil purchased from the plaintiffs and others. The
plaintiffs further purport to represent a class of all persons who sold
Pennsylvania Grade crude oil to one or more of the defendants during the period
from January 1, 1981 to the present. The Complaints further allege that the
applicable statute of limitations has been tolled by a fraudulent concealment
of the alleged combination and conspiracy. The Complaints seek a determination
that the cases may be maintained as a class action, the recovery of damages on
the basis of joint and several liability by the defendants, an injunction
against a continuation of the alleged combination and conspiracy, and the
recovery of costs including attorneys' fees. Under the provisions of the
Sherman Act, any damages awarded would be trebled.
Quaker State Corporation believes there is no basis for the allegations
in the Complaints and intends to defend this matter vigorously.
SIGNATURE
Pursuant to the requirements of the Securitites Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: May 5, 1994 Quaker State Corporation
By: /s/Herbert M. Baum
Herbert M. Baum,
Chairman of the Board and
Chief Executive Officer
