United States Announces $5.15 Billion Settlement of Litigation Against Subsidiaries of Anadarko Petroleum Corp. to Remedy Fraudulent Conveyance Designed to Evade Environmental Liabilities

More Than $4.4 Billion to Be Available for Environmental Clean-up and Claims Largest Payment for the Cleanup of Environmental Contamination in History

WASHINGTON–(ENEWSPF)–April 3, 2014.  The United States has entered into a settlement agreement with the Kerr-McGee Corporation and certain of its affiliates (“New Kerr-McGee”), and their parent Anadarko Petroleum Corporation, in a fraudulent conveyance case brought by the United States and co-plaintiff Anadarko Litigation Trust  (the “Trust”) in the bankruptcy of Tronox Inc. and…