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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
LITIGATION TRUST AGREEMENT This litigation trust agreement (the “Litigation Trust Agreement”), dated as of February 14, 2011, is entered into by and among Tronox (as defined below); the United States of America,
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.
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
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
and a trust for the benefit of tort plaintiffs. The Trust beneficiaries have agreed on an allocation of the recovery in this lawsuit, ... purview of relief in a fraudulent conveyance case under § 550 of the Bankruptcy Code. See Tronox I, 429 B.R. 73.
Tort Claims governed by the Environmental Settlement Agreement, Litigation Trust Agreement, ... “Tort Claims Trust Agreement” shall mean the Tronox Incorporated Tort Claims Trust Agreement entered into by and among Tronox Incorporated, Garretson Resolution . 16
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
3 defined below and collectively, but excluding the Plan and the Environmental Settlement Agreement, the “Environmental and Tort Trust Agreements”), and the Litigation Trust
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, ...
© 2014 Tronox Limited | All rights reserved | http://www.tronox.com 2 Statements in this release that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-
Navajo Nation to receive $1 billion court settlement for uranium mine cleanup ... 22 states, four environmental response trusts and a trust for tort plaintiffs. Tronox will receive 88 percent of the $5.15 billion settlement
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
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, successor to Kerr McGee and the sole potentially responsible party, declared bankruptcy in 2009. Prior to the 2009 bankruptcy filing of Tronox, ... Approximately $604 million will be paid to the Tort Trust, which is not managed by the government.
” 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 ...
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”).
legacy environmental liabilities and tort claims,” said Anadarko Chairman, ... terms of the settlement agreement, 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
litigation was transferred to a litigation trust created pursuant to the Tronox plan of reorganization, ... Tronox’s environmental and tort liabilities (approximately $2 billion) far exceeded the value of its assets.
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 a recent ruling, In re Tronox Inc ,(1) the US Bankruptcy Court for the ... environmental claimants, as well as another trust set up for tort plaintiffs. (4) The amended complaint prosecuted by the trust was initially filed by three of the debtors:
Tronox Incorporated and successor in interest to Old Kerr-McGee (as defined below). 1 A second proceeding based on similar allegations is pending, brought by the United States for the recovery of response costs for environmental cleanups at numerous sites around the country pursuant to the
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
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 ...
response trusts, a tort claims trust, and certain state and tribal governments as provided by the Plan of Reorganization, ... Division, and should refer to Tronox and United States v. Anadarko Petroleum Corp., D.J. Ref. No. 90–11–3– 09688.
entitled Tronox Inc., et al., and United States v. Anadarko Petroleum Corp., et al., Bankruptcy Adversary Proceeding ... a tort claims trust, and certain state and tribal governments as provided by the Plan of Reorganization, Litigation Trust
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, ...
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 ...
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
Tronox Incoporated, 2013 Bankruptcy Court, NY, ... The transaction left the former with billions of legacy environmental and tort liabilities and ultimately led to bankruptcy. The litigation trust sued to recover from the defendants the value of the transferred oil and gas assets.
in the concrete business with his father Steve Klochko Sr. In its ... 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, air pollution, water quality and risk analyses with help from Natalie. ... Steve continues to direct work on the Multi-State Trust on old Kerr-McGee/Tronox wood treating sites. Dan, Terra, Trey and Laura are spending
toxic tort, product liability and environmental matters, as well as attending to general commercial litigation. ... the spinoff of its chemical company Tronox, which along with the US Government has filed litigation making various allegations including conspiracy, ...
them to a creditor trust to prosecute. The creditor trustee brought a fraudulent transfer action under applicable nonbankruptcy law against the former public shareholders to recover what they received in the LBO.
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.