Law360, New York (January 05, 2011, 3:24 PM ET) -- A federal judge on Wednesday mostly denied attempts by former Tronox Inc. owner Kerr-McGee Corp. and Anadarko Petroleum Corp., which bought the pigment maker, to escape a consolidated securities class action claiming they artificially inflated the company's stock price.
Judge Shira Scheindlin of the U.S. District Court for the Southern District of New York refused to grant a motion by KMG and one officer to dismiss the fourth count of the amended consolidated complaint, which alleges the KMG, Anadarko, Luke Corbett, Robert Wohleber and Gregory Pilcher...
Anadarko, KMG Can't Escape Tronox Securities Case
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