Tronox, Kerr-McGee Dispute Intent In Closing Arguments
By Lisa Uhlman
Law360, New York (December 12, 2012, 10:04 PM EST) -- Attorneys for a Tronox Inc. litigation trust and Kerr-McGee Corp. delivered closing arguments in their trial Wednesday, with the trust saying Tronox's ex-parent owes more than $14 billion for spinning the former debtor off with damning environmental liabilities while taking healthy assets away.
Counsel for the two sides and the U.S. government faced off for nearly nine hours in New York bankruptcy court, capping off a seven-month-old trial. All told, the trial featured 33 days of hearings, about 50 witnesses and tens of thousands of pages...