Ricker, BP Lawsuit Settled

A dispute between Ricker Oil Co. and BP’s Indianapolis-area locations has been resolved as both companies came to an agreement this week, following a lawsuit filed by Ricker Oil last October.

“BP Products North America and Ricker Oil Company are pleased to announce a joint agreement to dismiss all claims related to the ampm franchise in Indianapolis. Both parties look forward to continuing a long and mutually beneficial relationship to grow the BP and ampm brands in Indianapolis,” BP said in a statement.  



Ricker Oil had acquired all 32 of BP’s Indianapolis sites over a year ago, but sued BP in federal court last October over the poor performance of the 19 gas stations and mini marts that operate under BP’s franchised am/pm brand.
The Oct. 22 suit claimed BP was charging unjustified royalty fees without delivering enough help with its national advertising, its proprietary IT system or its bulk purchase pricing, the Indianapolis Business Journal reported.

 

 

 

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