Solutia Sues Banks Over $2B Exit Loan

By Marc Tracy (February 6, 2008, 12:00 AM EST) -- Faced with the news that three top banks are backing out of an agreement to finance Solutia Inc.'s exit from Chapter 11 with a $2 billion loan, the company has accused the underwriters of fraudulently violating the agreement's terms and is trying to force the banks to follow through....

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