Anadarko Contests $14.1B Judgment In Tronox Bankruptcy

Law360, Los Angeles (January 14, 2014, 6:25 PM EST) -- Anadarko Petroleum Co. on Monday disputed a New York bankruptcy judge's order that it pay up to $14.1 billion over claims that Anadarko-owned Kerr-McGee Corp. saddled ex-subsidiary Tronox Inc. with environmental liabilities before spinning it off, arguing it owes no more than $1.76 billion.

Anadarko's memorandum alleges that, using U.S. Bankruptcy Judge Allan L. Gropper's own calculations over how much Anadarko is owed as a creditor in Tronox's bankruptcy, the amount that should be offset would result in a potential damages payment of as little as...
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