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Tibby

02/18/12 10:34 AM

#6596 RE: EH22 #6595

New Tronox has no stake in the settlements of Kerr Mcgee and Anadarko with the US Gov't, EPA etc. This was a condition of releasing Tronox from all maters so they could get approval and move forward out of bankruptcy.
All or most claims were dropped from responsibilities for Tronox except for a fund set up as additional relief insurance.
What I would find really unacceptable is for the senior management teams involved to get out scott free from these proceedings and it looks to me like this will happen.