Tronox, Kerr-McGee Tie Off Monthslong Trial Over Spinoff

Law360, New York (November 26, 2012, 6:51 PM EST) -- Bankrupt chemical company Tronox Inc. and former owner Kerr-McGee Corp. have filed competing court documents summing up their now-completed trial over legacy environmental liabilities remaining from the debtor's 2006 spinoff, with Tronox arguing that the case is straightforward and that Kerr-McGee doomed Tronox to fail.

In findings of fact and conclusions of law submitted Nov. 20 in the wake of the monthslong trial before U.S. Bankruptcy Judge Allan L. Gropper, the debtor argues that Anadarko Petroleum Corp. unit Kerr-McGee deliberately stripped the entity that would ultimately...
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