Solutia Seeks Another Exclusivity Extension

Law360, New York (January 30, 2007, 12:00 AM EST) -- Bankrupt chemical products maker Solutia Inc. has asked the court for another exclusivity extension, the latest development in a bankruptcy that’s dragged on for over three years.

Monday, Solutia filed court papers making its case for a 75-day extension of its exclusivity periods, pointing to what it painted as considerable progress in moving towards an emergence from Chapter 11.

If U.S. Bankruptcy Judge Prudence Carter Beatty grants Solutia’s request, its exclusive right to file its reorganization plan would be extended through April 30, 2007, and its...
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