TRXA Trex Acquisition Corporation (PK)

The Law Offices of Bruce G. Murphy announces that a class action lawsuit was filed on behalf of all persons who purchased the common stock of Tronox, Inc. (“Tronox” or the “Company”) [OTB:TRXAQ; OTB:TRXBQ]. A copy of the complaint filed in this action is available from the United States District Court for the Southern District of New York, or can be obtained by calling (828) 737-0500 or sending an email to bgm@brucemurphy.biz.

If you purchased the common stock of Tronox between November 29, 2005, and January 12, 2009, inclusive (the “Class Period”), and sustained damages, you may, no later than September 8, 2009, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as “lead plaintiff.” Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain the Law Offices of Bruce G. Murphy, or other counsel of your choice, to serve as your counsel in this action.

The action is pending in the United States District Court for the Southern District of New York against the Company, and certain of its officers. According to the complaint, defendants violated Section 10(b) of the Securities Exchange Act of 1934 Section 10(b) and 20(a) of the Exchange Act [15 U.S.C. §§78j(b) and 78t(a)] and Rule 10b-5 promulgated thereunder by the SEC [17 C.F.R. §240.10b-5] (the “Class”).

The Complaint alleges that the Defendants fraudulently concealed Tronox’s massive environmental liabilities and resulting financial problems causing massive losses to innocent investors while unjustly enriching themselves.

Kerr-McGee spun-off Tronox into an independent entity in a two-step process. First, in November of 2005, Kerr-McGee generated $225 million in proceeds following the initial public offering of Tronox at the price of $14.00 per share (the “IPO”) and retained control of 56.7% of Tronox’s outstanding common stock. Next, in March of 2006, Kerr-McGee distributed its remaining 56.7% stake in Tronox to shareholders as Class B shares by way of a dividend (the “Dividend Issuance”).

The Complaint further alleges that defendants, at the time of the IPO, knowingly mislead and misrepresented investors by materially understating the scope of Tronox’s environmental and tort liabilities. The Registration Statement (the “Registration Statement”), and the prospectus therein, contained information that was materially false, misleading and ignored the adverse conditions facing Tronox. As is explained in further detail in the Complaint, Tronox has put forth allegations in its bankruptcy action (Tronox, Inc. v. Anadarko Petroleum Corp., et al.) that the Registration Statement was materially misleading and greatly understated the liabilities that Tronox was burdened with. The Defendants continually misled investors throughout the Class Period by making materially false statements and concealing the true nature of Tronox’s liabilities in numerous press releases and SEC filings.

On June 22, 2006, Anadarko made an offer seeking to acquire Kerr-McGee for $18 billion, which included $16.4 billion in cash. On August 10, 2006, the Kerr-McGee shareholders voted to approve the offer and Kerr-McGee became a wholly-owned subsidiary of Anadarko, and as a result, Anadarko became the successor-in-interest to Kerr-McGee.

Eventually, the market was able to uncover what the Defendants were attempting to conceal, Tronox’s environmental and tort liabilities were in far excess of what had been represented, and, as a result, Tronox was in financial ruin and would need to seek the protection of bankruptcy laws therefore rendering the stockholders’ investments virtually worthless.

As a result of the dissemination of the false and misleading statements set forth in the complaint, the market price of Tronox common stock was artificially inflated during the Class Period. In ignorance of the false and misleading nature of the statements described above, and the deceptive and manipulative devices and contrivances employed by said defendants, plaintiffs and the other members of the Class relied, to their detriment, on the integrity of the market price of Tronox common stock. Had plaintiffs and the other members of the Class known the truth, they would not have purchased said common stock, or would not have purchased them at the inflated prices that were paid.

Please contact the Law Offices of Bruce G. Murphy for more information about the firm and this action. If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following attorney:

Bruce G. Murphy, Esq. 265 Llwyds Lane Vero Beach, FL 32963 Phone number: (828) 737-0500

Email: bgm@brucemurphy.biz