Sunoco gas retailers in Ontario have filed a lawsuit against Suncor Inc. for allegedly breaching franchise agreements after Suncor said the Company would be terminating 300 retailer contracts.
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GASOLINE RETAILERS LAUNCH LAWSUIT AGAINST SUNCOR
TORONTO – Sunoco gasoline retailers in Ontario are have filed a lawsuit against Suncor Inc. for up to $200 million for allegedly breaching franchise agreements after oil and gas giant said it was terminating 300 retailer contracts.
Suncor announced last week the company was ending all agreements with its independent Sunoco retailers in Ontario as part of its merger with PetroCanada in 2009. About 100 gasoline stations will be sold in April 2010, with the remaining sites re-branded under the PetroCanada banner. "Suncor's franchise operators have been treated as chattels in the amalgamation process," said David Sterns, the lawyer representing the Sunoco retailers. The lawsuit claims Suncor failed to comply with Ontario's franchise legislations when the corporation signed the most recent contracts. The agreements entitle retailers to rescind franchise agreements for compensation.
Source: Lawday
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