17 June 2009 22:18 [Source: ICIS news]
The government had earlier received permission to intervene in the Tronox lawsuit.
Tronox was a subsidiary of Kerr-McGee before it was spun off as an independent company.
Tronox sued Kerr-McGee, accusing it of unfairly burdening it with massive environmental liabilities at the time of the spin off, dooming the company to failure.
The US operations of Tronox filed for bankruptcy protection earlier this year.
Tronox also sued Anadarko, since it now owns Kerr-McGee.
Anadarko has repeatedly said that it was not responsible for the financial state of Tronox.
The US government intervened in the Tronox lawsuit to ensure that any judgment pays to clean up the sites connected to the environmental liabilities.To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections