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Show Major Oil cries overcharge, and files Major Oil Corp. and Arizona Fuels Corp. have filed a $17.5 million suit against Flying Diamond Oil Corp., charging the company with a $250,000 overcharge and claiming it tried to secure unlawful transfers of the assets, income and operating capital of Major Oil. According to the complaint filed in U.S. District Court, Salt Lake City, Flying Diamond and Major Oil sign ed an oil purchase agreement in January, 1975, and that it has been prohibited from paying it to Major. Tom Galey of Flying Diamond told the Enterprise the rest of the complaint was in which Flying Diamond agreed to sell Major 3,000 barrels of crude oil a day at $10.20 a barrel. Although in the com- window dressing, plaint Major says the agreement resulted in the payment of $250,000 in overcharges, Flying Diamond told the Enterprise it is under a consent order with the Federal Energy Administration to pay the money to the government, hog-was- h. Interior Dept, releases As a result of signing those agreements. Major Flying Diamond assumed control of the financial operations of Major and claims, abused its fiduciary position. e Placing a agent in Major's office to manage and meddle in Majors operations, the complaint states full-tim- But according to Major, Flying Diamond used its su- perior market position and the general product shortage to coerce Major and Arizona Fuels to execute certain Flying Diamond secured payment of excessive overcharges for the oil, impaired the capital and reduced the nomic viability of Major. eco- The ONE CONVENIENT, PROFESSIONAL SOURCE FOR INSURANCE (OR ANY FORM OF RISK MANAGEMENT) All forms of Corporate Insurance, including Professional Liability. All forms of Croup Insurance. All forms of Personal Insurance. All major insurance sources are available Robert l Nicholls Insurance to allow personalization of your particular insurance plan. Robert L. Nicholls and his associates are an independent insurance agency with 18 years experience in advising individuals, professionals, and corporations. 2030 East 4800 South Salt Lake City, Utah 84117 Telephone (801) 277-266- 1 agent intercepted and diverted all mail and funds from Major to Flying Diamond, the complaint continues, and failed to release funds needed for daily operations and taxes incurred by Major. According to Galey, Major agreed to placement of the agent, and has no basis for filing the suit. Demanding $17.5 million in actual and punitive damages, the suit was originally filed in Third District Court, but was recently moved to U.S. District Court. Alumet EIS The Alumet Company, Golden, Colo., said the final environmental impact statement it prepared for the proposed alunite processing plant in Beaver County, Utah has been released by the Department of Interior. The company said copies are through the Salt Lake BLM office. Alumet is a consortium of companies planning an alunite processing plant, mine, water system and transportation system in Beaver County. The plant would produce 500,000 tons of alumina, 370,000 tons of potassium sulfate fertilizer, up to 1.7 million tons of phosphate fertilizers and up to 20,000 tons of aluminum fluoride. Alumet said it would employ approximately 1,000 workers at the complex. A decision to approve mineral leases, rights-of-waland exchange required for the project cannot be made sooner than 30 days, according to the BLM. open-pi- t y, Owen Wright looks for October completion Owen Wright is nearing $1 new his of completion million 25,000 square foot car dealership in Midvale. The new facility, located on a five-acr- e site just east of the Freeway on 7200. South, is scheduled for completion in early October when the new cars are introduced. According to Wright, the 1-- 15 dealership will employ 30 people. Wright said Bob Dare will be general manager. Kenneth W. Jones and Associates of Odgen is the architect of the new facility and general contractor is Christiansen Brothers, Salt Lake. The dealership will sell Cadillacs and Oldsmobiles. Ibmorruvvl) Decisions Shouldnt Be Planning a move? MadeVithesterdav! Facts GGdB dmQoq (100 BOD The answers to most of your questions are this handy, indexed reference booklet. It even includes a check list of special things to remember to do. To get your copy just give us Inventory Control Accounts Receivable Accounts Payable Payroll Financial Statements Job Cost moving-da- y in a call. With your own computer system from INFORMATION NOW you can have what you want, when you want it. It will cost you less for your data processing than a service bureau. Every installation UTAH MOVING AND STORAGE & Mayflower 2537 South 3270 West Salt Lake City, Utah 84119 972-420- has resulted in significant personnel savings. Call us today and it can be installed in your plant and fully operations in 90 days! (manufacturing companies are one of our specialties) 0 Call Clinton Day at: I ( INFORMATION NOW INC" (801) 487-009- 2 3475 So. 300 W. |
