Lyondell Says Superfund Costs Are Unsecured Claims

Law360, New York (September 8, 2009, 6:47 PM EDT) -- Lyondell Chemical Co. has objected to efforts by California and U.S. environmental authorities to seek injunctive relief against the bankrupt company and its affiliated debtors, contending that any cleanup recoveries for the sites — totaling $5 billion — should be treated as bankruptcy claims.

The company filed its objections Friday in the U.S. Bankruptcy Court for the Southern District of New York, saying that the plain language of the U.S. Bankruptcy Code and the U.S. Supreme Court have made clear that hazardous waste liabilities should be...
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