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3714899.7 TRONOX INCORPORATED TORT CLAIMS TRUST DISTRIBUTION PROCEDURES Capitalized terms not otherwise defined in these Tort Claims Trust Distribution
TRONOX TORT CLAIMS TRUST FOR:_____ TRUST CLAIM FORM (CATEGORY A) 1 of 13 TRUST CLAIM FORM. This claim form sets forth your claim for recovery under the Tronox Incorporated Tort Claims
2 WHEREAS, this Litigation Trust Agreement is executed to establish the Litigation Trust and to facilitate implementation of the Plan, the Environmental Claims Settlement Agreement,
Counsel to Tronox Incorporated Tort Claims Trust One East Fourth St. Suite 1400 Cincinnati, Ohio 45202 By: Bethany P. Recht, Esq. ALLAN L. GROPPER UNITED STATES BANKRUPTCY JUDGE . 4 Introduction This decision represents another chapter in the adversary proceeding between debtors
On the Effective Date, Tronox will establish the Tort Claims Trust. The Tort Claims Trust will be governed by the Tort Claims Trust Agreement, which are included in the Plan Supplement, and administered by the Tort Claims Trustee.
3 defined below and collectively, but excluding the Plan and the Environmental Settlement Agreement, the “ Environmental and Tort Trust Agreements”), and the Litigation Trust
and a trust for the benefit of tort plaintiffs. The Trust beneficiaries have agreed on an allocation of the recovery in this lawsuit, if there is a recovery. ... Kerr-McGee and Tronox executives that Kerr-McGee intended and believed at all times that . 64
2 . K&E 17301781 . 6. “Anadarko Litigation Trust” means the trust to be established by Tronox pursuant to the Plan for the benefit of Holders of Environmental Claims and Tort Claims, to which Tronox will contribute its rights to the
3 defined below and collectively, but excluding the Plan and the Environmental Settlement Agreement, the “Environmental and Tort Trust Agreements”), and the Litigation Trust
Tronox v. Kerr-McGee: Game Changing Ruling on Fraudulent Transfer and Spin-Offs to Shed ... and a trust for the benefit of tort plaintiffs. The beneficiaries had agreed to an allocation of the recovery in the lawsuit against Kerr-McGee. 9
Statement by Tronox Limited Regarding Tronox vs. Anadarko Ruling Anadarko Found Liable - Tronox May Receive Multi -year, ... distributed to a tort trust to compensate individuals injured as a result of Kerr-McGee's environmental failures.
Garretson Resolution Group, Inc., ... Tort Claims TrustGreenfield Environment; al Multistate Trust LLC, not individually but solely . ... Cordry are approved as Trust Advisory Board members for the Anadarko Litigation Trust. 3. As the transferee of Tronox’s claims in the Anadarko Litigation, ...
•Tronox Limited receives tax deductions equal to amount spent by trusts to satisfy tort cases and remediate environmental matters; ... •Tort trust receives 12% of settlement -- approximately $620 million; though we have no
Tronox in the process. The lead agencies in the settlement agreement were the Navajo Nation’s Environmental Protection Agency and Department of Justice.
UNDERSTANDING THE TRONOX CASE May 2014 Page 59 UNDERSTANDING THE TRONOX CASE ... 3 The plan established a litigation trust to act as plaintiff ... 45 In its disclosure statement, Tronox valued tort and
Tronox Securities Litigation Settlement Has Implications for Environmental Disclosures and Related D&O Insurance Claims ... by the Litigation Trust and tort victims will share the remaining 12 percent. Like the securities plaintiffs, the
Tronox, successor to Kerr McGee and the sole potentially responsible party, ... Approximately $604 million will be paid to the Tort Trust, which is not managed by the government. ... Columbus, MS 39701 The Memphis Town Community Advisory Group ...
” shall mean the Tronox Incorporated Tort Claims Trust Agreement entered into by and among Tronox Incorporated, Garretson Resolution 09-01198-alg Doc 635-1 Filed 04/03/14 Entered 04/03/14 14:59:18 Settlement Agreement Pg 16 of 59. 16 Group, Inc ...
legacy environmental liabilities and tort claims,” said Anadarko Chairman, ... the Litigation Trust and Kerr-McGee have agreed to mutually release ... The Company expects the Tronox Adversary Proceeding to be stayed pending final approval of
TRONOX INCORPORATED, et al., Debtors. ) ) ) ) ) ) ) ... First Trust & Deposit Co. v. Receiver of Salt Springs Nat’l Bank (In re Onondaga ... See DX 2522 at 79 n. 7, 83 nn. 10, 11 (basing evaluations on tort claims “to date” and on “future clean-up costs from 2010”).
The fraudulent transfer claims, which were prosecuted by a litigation trust, related to the spinoff and separation of Kerr-McGee’s chemical business from its oil and gas exploration ... and tort liabilities. The court held that Tronox’s potential liabilities were much greater than would
... In re Tronox Incorporated Citation: 2013 Bankr. LEXIS 5232 Date of decision: Dec. 12, 2013 ... The transaction left the former with billions of legacy environmental and tort ... it petitioned for bankruptcy. The litigation trust sued in Bankruptcy Court (S.D.N.Y.) ...
In May 2009, the United States and co-plaintiff Anadarko Litigation Trust filed a complaint in the Tronox ... involving the application of fraudulent conveyance laws to substantial environmental and tort liability, the
TRONOX INCORPORATED, et al., Case No. 09-10156 (ALG) Debtors. ... N. Am. Gov’t Income Trust, Inc., 159 F.3d 723, 730-32 (2d Cir. 1998); ... thousands of personal injury tort claims related to wood treatment sites; (4) ...
In re TRONOX INCORPORATED, et al ... billions of dollars of claims for alleged environmental remediation costs by establishing an environmental remediation trust funded in part by an equity ... and that although Oklahoma has applied aiding and abetting to other causes of actions in tort it has ...
tort claims for injuries from exposure to harmful materials or defective products, ... case of Tronox Incorporated, ... claims representative and a trust to provide recovery for late-discovered claims, ...
environmental response trusts, a tort claims trust, and certain state and tribal governments as provided by the Plan of Reorganization, ... claims derivative of Tronox’s claims against Defendants, all as and to the extent specified in the Settlement Agreement.
the Trust alleged that Tronox was left with “70 years and billions of dollars of legacy environmental and tort liabilities when the oil and gas assets of the group ... CDBV Gavin/Solmonese LLC. AIRA Journal Vol. 28 No. 2 ...
Tronox and its chemical business 70 years of legacy liabilities, ... tort, retiree, and other obligations ... a Morris trust transaction through which a spin-off would be coupled with a merger of the Chemical Business and a third party.
tort, and insurance ... Kassof currently is trying the Tronox v. Anadarko Petroleum case, ... Anadarko Litigation Trust, is seeking billions in damages. Trial began May 15 and is expected to last until September. Earlier in his career, he first-chaired a jury trial for Exxon Mobil in South Carolina
company was founded in 1951 by Steve Klochko Jr., who previously had ... with the unsecured creditors and environmental and tort creditors, ... in satisfaction of their claims against Tronox, and the unsecured creditors would receive all of the stock of the reorganized companies free of any ...
Trust v. Ernst & Young, L.L.P., 906 A.2d 168, 204 (Del. Ch. 2006). OPERATING WHILE INSOLVENT 2. One formulation: ... Delaware found a separate tort unnecessary: ... In re Tronox, 2013 WL 6596696, (Bankr. S.D.N.Y. Dec. 12,
toxic tort, product liability and environmental matters, ... the spinoff of its chemical company Tronox, which along with the ... BlackRock, Trust Company of the West, Invesco, Western Asset Management, the former outside directors of Enron Corporation and the State of Arizona.
them to a creditor trust to prosecute. ... corporations, one with and one without legacy environmental and tort liabilities. However, the former ... Tronox Inc. v. Kerr McGee Corp. (In re Tronox Inc.), 503 B.R. 239 (Bankr. S.D.N.Y. 2013).
Vendor and Vendors customers receive significant tort liability protections ... 9 Is there data connectivity between GCT and Tronox? If so, what type? No ... Any biometric may be proposed as long as the TWIC chain of trust is preserved.