Chemtura Battles Equity Holders Over Ch. 11 Plan Bid

Law360, New York (September 16, 2010, 7:12 PM EDT) -- Bankrupt plastics component maker Chemtura Corp. squared off against a consortium of equity claimants Thursday as it sought approval of a Chapter 11 exit plan, telling the judge that the company has come a long way from its state of near-collapse in March 2009.

Natasha Labovitz of Kirkland & Ellis LLP launched into the chemical firm’s plan confirmation proceedings in the U.S. Bankruptcy Court for the Southern District of New York by explaining that the company was “in very bad financial shape” when it filed for...
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