Lyondell Creditors Seek Probe Over Reliance Bid

Law360, New York (January 15, 2010, 6:30 PM EST) -- Lyondell Chemical Co.'s unsecured creditors have fired back against the company's objections to their request for an examiner to look into fairness issues concerning a rival bid for a controlling stake in the company.

The official committee of unsecured creditors filed a reply to objections from the company and its owner Access Industries on Thursday in the U.S. Bankruptcy Court for the Southern District of New York.

The committee has expressed concerns that India’s Reliance Industries Ltd. may face an unfair battle in making its bid...
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