Tronox, Arco Near Settlement In Okla. Oil Pollution Suit

Law360, New York (January 11, 2010, 12:52 PM EST) -- Bankrupt titanium dioxide pigment manufacturer Tronox Worldwide LLC and BP PLC subsidiary Atlantic Richfield Co. have asked a federal judge to stay a pollution cleanup suit brought by Tronox while the parties try to reach a settlement.

Tronox and Arco filed the joint motion to stay Friday in the U.S. District Court for the Western District of Oklahoma, saying they are very close to a settlement and that talks are ongoing.

The plaintiff sued Arco in September 2007, saying it had already spent $1.5 million cleaning...
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