Lawyers Bicker As Solutia Hearing Goes On

Law360, New York (July 26, 2007, 12:00 AM EDT) -- A hearing on whether to grant bankrupt chemical company Solutia Inc.'s request for a twelfth extension to its exclusivity period concluded Thursday with no decision having been made.

“The hearing today was very busy and in fact will be continued on Aug. 1,” said Solutia spokesman Dan Jenkins. “Exclusivity was granted through that date and then will be considered at the Aug. 1 hearing.”

If Solutia’s motion is approved by the court, its exclusive filing period will end Dec. 31 and its deadline for winning creditor...
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