Titanium dioxide prices have been weak, hitting Tronox, as well as previously recommended E.

FORBES: Pigment Stock Sports Fat Yield And Discounted Valuations

Slimmed down and with a far more manageable debt load, Tronox emerged from bankruptcy protection in February 2011.

FORBES: Pigment Stock Sports Fat Yield And Discounted Valuations

Tronox trades for less than book value, and at a 45% discount to its five-year average price-to-book value ratio.

FORBES: Pigment Stock Sports Fat Yield And Discounted Valuations

Those liabilities, coupled with the global financial crisis and housing crash in 2008, pushed Tronox into bankruptcy court in January 2009.

FORBES: Pigment Stock Sports Fat Yield And Discounted Valuations

The case is In re: Tronox Inc. et al., case number 09-10156, in the U.S. Bankruptcy Court for the Southern District of New York.

FORBES: Bankruptcy Judge Scolds Latham Attorney Over Disclosure Of Fee

According to the settlement, Tronox assumed responsibility for a wide range of remediation work including the West Chicago sites when it spun off from Kerr-McGee Corp. in 2006.

FORBES: Bankruptcy Judge Scolds Latham Attorney Over Disclosure Of Fee

Tronox spun off from Kerr-McGee in March 2006.

FORBES: Bankruptcy Judge Scolds Latham Attorney Over Disclosure Of Fee

But in April 2009 the U.S. told Tronox that the DOE had frozen those funds pending discussions about the right of the U.S. to set off the Title X reimbursement against its pre-petition claims in the Tronox bankruptcy.

FORBES: Bankruptcy Judge Scolds Latham Attorney Over Disclosure Of Fee

Tronox said in motion papers that it was requesting the extension of the DIP maturity date in order to provide more time to work out a plan for emerging from bankruptcy protection, including the handling of numerous environmental claims.

FORBES: Bankruptcy Judge Scolds Latham Attorney Over Disclosure Of Fee