Venator Materials PLC (VNTR) Wins $75M Lawsuit Against Tronox

Venator Materials PLC (NYSE: VNTR) today announced that the Superior Court of Delaware granted judgment as a matter of law in favor of Venator for $75 million and rejected Tronox's counterclaim for damages. The lawsuit arose from Tronox's refusal to pay a $75 million "Break Fee" from an agreement wherein the conditions for payment were met in 2019. The Superior Court decisions are subject to appeal to the Delaware Supreme Court, however Venator will seek interest from May 2019.

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