Bankruptcy Judge Bars Moves Against Lyondell Parent

Law360, New York (February 26, 2009, 12:00 AM EST) -- The federal judge heading the Lyondell Chemical Co. Chapter 11 proceedings has issued a 60-day injunction preventing creditors from taking action against the chemical company's European parent, a move Lyondell said was necessary in order to prevent the further erosion of its assets.

Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York on Thursday ordered the preliminary injunction in a bench decision, saying it was “too long and too important” a decision to dictate in open court, according to...
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