Litigation
Dec. 18, 2013
Irell partner guides trust to multibillion dollar win
A judge has ruled that a massive petroleum company must pay between $5 billion and $14 billion in one of the largest bankruptcy fraudulent transfer cases ever tried.
Daily Journal Staff Writer
Anadarko Petroleum Corp and its Kerr-McGee unit could be liable for up to $14.2 billion in environmental cleanup and other damages, a judge ruled last week in one of the largest bankruptcy fraudulent transfer cases ever tried.
John C. Hueston of Irell & Manella LLP, who oversaw the litigation for the plaintiffs, said in an email the decision "brings tremendous relief and now optimism t...
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