Monsanto Fires Back At Solutia Noteholders

Law360, New York (November 15, 2006, 12:00 AM EST) -- Monsanto Co., the former parent company of bankrupt Solutia Inc., filed court papers Tuesday aimed at correcting “blatant untruths” in an objection recently filed by Solutia’s ad hoc noteholders committee.

The noteholders voiced their opposition to Solutia's ninth request to extend its exclusive right to file a Chapter 11 plan, accusing Solutia of failing to negotiate in good faith, squandering the estate’s resources and taking a cavalier attitude toward the reorganization process.

Monsanto reply starts by taking issue with the noteholders' claim that Monsanto has refused...
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