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Nov 15, 2012 · WDSU News. 89.3K subscribers. 0. 62 views 10 years ago. Officials with oil giant BP said the company has agreed to pay $4.5 billion in a wide-ranging settlement with the U.S. government over...
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1 day ago · The settlement also included $105 million from BP for regional health outreach and free health checkups for exposed workers every three years for 21 years. But things quickly went awry. The third-party administrator hired to handle claims, Garretson Resolution Group, initially rejected 78% of roughly 37,000 claims.
1 day ago · Through the settlement, BP has paid ill workers and coastal residents a tiny fraction — $67 million — of the billions the company has spent on restitution for economic and environmental damage ...
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- Relevant Factual Background Information
- Overview of The Anadarko Litigation
- U.S. Bankruptcy Court’S 2013 Fraud Decision
- Settlement Overview
- Environmental Benefits
- Distribution of Anadarko Litigation Proceeds
- Contact Information
Since its founding in 1929, Kerr-McGee operated various businesses around the country, including wood-treating, uranium mining and processing, thorium processing, and ammonium perchlorate manufacturing. By the early 2000s, Kerr-McGee had discontinued most of these historic business operations yet remained responsible for massive legacy environmenta...
In May 2009, Tronox commenced the litigation during its bankruptcy proceedings before Judge Allan J. Gropper. In June 2009, based in large part on a referral from EPA Region 2 concerning the Federal Creosote Superfund Site in Manville, N.J. and similar referrals from Regions 4 and 5 regarding various sites in their respective regions, the U.S. inte...
In an opinion dated December 12, 2013, Judge Gropper found the defendants liable as a result of various fraudulent transfers occurring several years before Tronox filed for bankruptcy. See Tronox Inc., et al., v. Kerr-McGee Corp., et al., (In re Tronox Inc.), 503 B.R. 239 (Bankr. S.D.N.Y. 2013). On the plaintiffs’ actual fraud claims, the Bankruptc...
Under the settlement, the litigation trust and defendants provide mutual releases in exchange for a $5.15 billion payment plus interest from the defendants. Among other things, in exchange for covenants by the defendants, the settlement also provides covenants not to sue from the U.S. to the defendants under certain environmental statutes regarding...
The settlement proceeds described below will fund investigations and cleanup work at the vast portfolio of sites at which Kerr-McGee (and later Tronox) were liable. In particular, the environmental proceeds will be distributed to governments and environmental response trusts, primarily for future cleanup costs at sites covered by the settlement, bu...
Following the payment of fees, costs, and expenses incurred in administering the litigation trust and prosecuting the litigation after February 14, 2011 (the effective date of Tronox’s bankruptcy plan of reorganization), the litigation trust agreement provides that environmental beneficiaries of the litigation trust (i.e., the governments and envir...
For inquiries regarding the Tronox Tort Claims please visit the Tronox Incorporated Tort Claims Trust Web page at http://www.tronoxtorttrust.com. For information regarding the environmental settlement agreement summarized on this Web page contact: Hollis Luzecky Attorney-Advisor U.S. Environmental Protection Agency (MC2272A) 1200 Pennsylvania Avenu...
Jul 2, 2015 · For BP, the settlement will effectively add about $10 billion to the $44 billion it already set aside for cleanup costs and penalties. The oil giant had revenues of $15 billion last year, and...
Jun 2, 2023 · Three chemical manufacturing companies have reached a deal to resolve complaints of polluting many U.S. drinking water systems with compounds known as PFAS. DuPont and spinoff companies Chemours and Corteva said Friday they'll create a $1.18 billion fund that could compensate thousands of public water systems. PFAS chemicals are used widely in nonstick and water-resistant products, as well as ...
May 11, 2023 · Shell is putting residents’ health at risk by persistently violating air quality standards at its massive new petrochemical refinery in western Pennsylvania, an environmental group alleged in a lawsuit Thursday, May 11, 2023. (AP Photo/Gene J. Puskar, File)
