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Markets :: Basic Chemicals :: Inorganic Chemicals :: Titanium Dioxide
Tronox wins bankruptcy-related judgement against Anadarko
5:03 AM MST | December 13, 2013 | Natasha Alperowicz
A US federal judge has ruled in favour of Tronox Incorporated, the predecessor company of Tronox Ltd., in a case brought against Anadarko Petroleum, which acquired Tronox’s former parent company Kerr-McGee in 2006, Tronox Ltd., a major producer of titanium dioxide, said in a statement. The United States Bankruptcy Court for the Southern District of New York found that Kerr-McGee acted with intent to delay and hinder Tronox's creditors when it spun off Tronox Incorporated. The court found Anadarko liable and indicated an ultimate damages award of $14.5...
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