Lyondell Creditors Seek Records From Basell Merger

Law360, New York (March 11, 2009, 12:00 AM EDT) -- Claiming that the owners burdened the company with too much debt in a recent merger deal, creditors of bankrupt Lyondell Chemical Co. have filed a request to pursue discovery into the details of the leveraged buyout and acquisition of the company by Dutch firm Basell Polyolefins and private investment firm Access Industries.

On Monday, the official committee of unsecured creditors filed a motion in the U.S. Bankruptcy Court for the Southern District of New York requesting permission to seek documents, financial analysis information, meeting records and...
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