Weil, Bingham Guide Anadarko to $35 Million Class Settlement over Tronox Spin-Off

, The Litigation Daily

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Anadarko, which acquired Kerr-McGee in 2006, agreed to settle shareholder claims over Kerr-McGee's spin-off of the chemical company Tronox. Under the terms of the deal, Ernst & Young will pay an additional $2 million to resolve claims that it ignored red flags while auditing Kerr-McGee's books.

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