Anadarko Petroleum Corp. said yesterday that it still expects to win a case brought by paint materials company Tronox Inc. but that a settlement of the $25 billion lawsuit is less likely, Reuters reported yesterday. "Due to the change in the company's opinion as to the probable form of resolution, Anadarko is no longer setting aside $525 million to settle the case," the Andarko said in a filing with the U.S. Securities and Exchange Commission. While the company does not expect to lose at trial, Anadarko estimated a potential loss of $1.4 billion, the filing said. Tronox has claimed that when it was spun off in 2005 by Kerr-McGee Corp, which Anadarko later bought, it had been saddled with liabilities that led to its January 2009 bankruptcy filing. Tronox emerged from chapter 11 protection in February 2011.
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