- Anadarko Petroleum (APC) should face $20.8B in environmental cleanup claims and not be allowed to cut the amount to $850M, a trust for creditors of Tronox (TROX) told a bankruptcy judge yesterday in the case brought by bankrupt Tronox and the U.S. government.
- In a December ruling, U.S. Bankruptcy Judge Allan Gropper suggested a range of $5.2B-$14.5B to pay for the clean up of contaminated properties; APC's Q4 earnings report accounted for a payment of just $850M.
- APC -0.8% premarket.
Anadarko damages cuts opposed by Tronox, which suggests $20.8B in claims
Feb 13 2014, 07:59 ET