Judge Allows $40M Payments To Lyondell Lenders
By Samuel Howard ( January 29, 2010, 3:21 PM EST) -- The bankruptcy judge overseeing the Chapter 11 reorganization of Lyondell Chemical Co. has rejected a bid to end adequate protection payments equaling $40 million a month that creditors contend unfairly funnel hundreds of millions of dollars from the estate to first-lien lenders....
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