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Tronox Outlines Plan to Settle Environmental Claims

9:15 AM MDT | August 30, 2010 | Lindsey Bewley

Tronox says its key creditor stakeholders have agreed on the framework for an amended plan of reorganization that will settle the company’s legacy environmental and tort liabilities and allow it to emerge from Chapter 11 bankruptcy protection. Tronox recently filed a motion with the United States Bankruptcy Court for the Southern District of New York requesting authority to enter into a plan support agreement and an equity commitment agreement that will ensure the company has the financing necessary to make the settlement payments set forth in the...

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