Lyondell Reaches Deal Over $110M Canadian Class Claim

Law360, New York (January 4, 2012, 8:50 PM EST) -- Lyondell Chemical Co. on Wednesday asked a New York bankruptcy court to approve a settlement it negotiated with two classes of Canadian consumers who brought antitrust allegations, as well as a $110 million bankruptcy claim, against the company in 2006.

The company contends in the motion that the settlement will be both faster and cheaper than litigation, and will relieve it and its related entities and officers of any wrongdoing.

"The settlement agreement should be approved because it is reasonable and in the best interests of...
To view the full article, register now.