Tronox, Inc. v. Kerr-McGee Corp.

ELR Citation: 43 ELR 20274
No(s). 09-10156 (S.D.N.Y. Bankr. Ct. Dec 12, 2013) (Gropper, J.)

A federal bankruptcy court held that a petroleum company and its subsidiaries may be held liable for at least $5 billion—and perhaps up to $14 billion—in environmental response costs and tort liabilities. In 2005, a now-bankrupt manufacturing company that makes titanium dioxide pigments was tran...