Tronox Battles Bid To Cap Damages In $15B Enviro Suit

Law360, New York (November 29, 2011, 7:15 PM EST) -- An attorney for Tronox Inc.'s litigation trust argued Tuesday that a New York bankruptcy judge could not cap damages in the company's $15 billion lawsuit against Anadarko Petroleum Corp. over a spinoff that allegedly saddled it with massive environmental liabilities.

The trust's ability to recover damages for allegedly fraudulent transfers was the key component in a global settlement around which Tronox forged a reorganization plan that allowed it to emerge from bankruptcy in February. The fraudulent transfer claims filed by Tronox's trust, which is called the...
To view the full article, register now.