Judge to rule on Anadarko Tronox cap

Decision time: judge set to rule on whether Anadarko can cap Tronox payout

Anadarko Petroleum’s request to limit damages claimed in a $15.5 billion pollution lawsuit brought by the US and creditors of formerly bankrupt Tronox will be decided soon, a judge said, according to a report.

US Bankruptcy Judge Allan Gropper in Manhattan said he will issue a written ruling on whether Texas-based Anadarko and its Kerr-McGee unit can cap the claims against them, after hearing more than two hours of arguments on Tuesday, Bloomberg reported.

His ruling will determine whether Tronox creditors and the US government can argue for billions to clean up thousands of polluted sites around the US and pay people who claim they were harmed by Kerr-McGee’s toxins.

“It’s important to get the decision out quickly,” Gropper said. “I will give you a decision as…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index