In 1994, the Second Circuit Court of Appeals upheld the lower court decision. In April 1995, Texaco petitioned the Supreme Court to review the case. On May 15, 1995, Texaco and a steering committee representing the publishers announced that they had agreed upon terms to settle the case. Texaco, which conceded no wrongdoing in the proposed settlement, paid a seven figure settlement and retroactive licensing fee to the CCC. In addition, Texaco entered into standard annual license agreements with the CCC over the next five years