Tronox Healthy At Time Of IPO, Kerr-McGee Witness Says

Law360, New York (August 9, 2012, 4:58 PM EDT) -- Kerr-McGee Corp.'s former accounting head took the stand in New York bankruptcy court Thursday in the company's bid to refute Tronox Inc.'s $25 billion allegations that it spun the pigment maker off in bad faith, testifying the chemical business was financially sound beforehand.

In a written declaration filed with the court as well as during cross-examination before U.S. Bankruptcy Judge Allan L. Gropper, former chief accounting officer John M. Rauh described the complex corporate structure in place among Kerr-McGee and its subsidiaries, including the chemical business...
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