Tronox Trial Opens With Tales Of Doomed-To-Fail Co.

Law360, New York (May 15, 2012, 7:42 PM EDT) -- The years-in-the-making trial between a Tronox Inc. litigation trust and former Tronox parent Kerr-McGee Corp. kicked off Tuesday in New York bankruptcy court, with attorneys for both sides sparring over whether a 2006 spinoff of the debtor constituted a fraudulent transfer.

In opening arguments before U.S. Bankruptcy Judge Allan L. Gropper in the $25 billion dispute, Tronox attorney David J. Zott painted a picture of a company created to carry the burden of billions in environmental liabilities so its former parent could shed them and thereby...
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