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Anadarko Doesn’t Reach Settlement of Tronox Case

Anadarko Petroleum Corp. and its Kerr-McGee unit failed to settle a $25 billion lawsuit brought by the U.S. and Tronox Inc. and a trial will resume next week, a lawyer said. Anadarko fell as much as 5.2 percent.

“There is no settlement agreement and we’re going to be resuming trial” on July 24, John Hueston, a lawyer for the U.S. and Tronox said today in a phone interview. Hueston declined to comment on whether further settlement talks were possible, or potential amounts discussed in the talks, which have been going on since at least July 12.