Chemtura Seeks Escape From Millions In Enviro Claims

Law360, New York (November 4, 2009, 5:56 PM EST) -- Claiming that environmental liabilities across the country may inhibit its emergence from Chapter 11, Chemtura Corp. has filed suit against the federal government and more than a dozen states in an attempt to kick tens of millions of dollars' worth of such costs to the curb.

The adversary complaint, filed on Monday by the chemical maker in the U.S. Bankruptcy Court for the Southern District of New York, seeks a declaration from Bankruptcy Judge Robert E. Gerber that the debtors' environmental obligations are general unsecured claims,...
To view the full article, register now.