U.S. Judge says Anadarko may be liable for billions in legal battle

Paint materials company Tronox was stripped it of its most valuable assets and spun off by Kerr-McGee Corp

United States bankruptcy Judge Allan L. Gropper ruled Anadarko Petroleum Corp. could be liable for between $5 billion and over $14 billion in a lawsuit over environmental and legal liabilities related to its 2006 acquisition of Kerr-McGee Corp.

Tronox, a manufacturer of titanium dioxide pigments used to make paints and plastics brighter and more durable, was actually spun off by Kerr-McGee Corp. Anadarko Petroleum Corp. and then purchased Kerr-McGee in 2006.

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Amanda Ciccatelli

Amanda G. Ciccatelli is a Contributing Writer for InsideCounsel, where she covers the patent litigation space. Amanda earned a B.A. in Communications and Journalism from...

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