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Anadarko Should Embrace Settlement in Tronox Lawsuit

Anadarko Petroleum Corp. shares fell to a 10-month low and its bonds tumbled after a court ruling that may result in a $14 billion payout, prompting calls for settlement to prevent a prolonged drag on the oil company.

A judge yesterday held the The Woodlands, Texas-based company and its Kerr-McGee unit liable for environmental cleanup from a chemical company spun off in 2005. Anadarko said it would appeal the ruling, which would require it to restore polluted sites and compensate 8,100 claimants.