Tronox settlement talks flop

Japan's Naotake Hanyu reacts after missing a penalty shot against South Korea during their third-place play-off match in the Asian Football Cup 2007 tournament at the Jakabaring stadium in Palembang, 28 July 2007. South Korea defeated Japan in the penalty shoot out 6-5. AFP PHOTO/Jewel SAMAD

Back to court: Settlement talks failed in case

JEWEL SAMAD

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By News wires

 19 July 2012 18:49 GMT

Anadarko and its Kerr-McGee unit failed to settle a $25 billion lawsuit brought by the US and Tronox Inc. and a trial will resume next week, a lawyer said.

“There is no settlement agreement and we’re going to be resuming trial,” on 24 July, John Hueston, a lawyer for the US and Tronox said today in a phone interview according to Bloomberg.

Hueston declined to comment on whether further settlement talks were possible, or potential amounts discussed in the talks, which have been going on since at least 12 July, the news wire said.

Anadarko remains “committed to resolving the Tronox litigation through informal negotiations or other alternative dispute resolution mechanisms,” John Christiansen, a company spokesman, said in an emailed statement.

He said…

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