Skadden Attys To Testify In $1B LyondellBasell Suit
By Eric Hornbeck
Law360, New York (April 19, 2013, 3:30 PM EDT) -- The co-head of Skadden Arps Slate Meagher & Flom LLP's corporate finance practice and two former Skadden attorneys can testify in a $1 billion suit over the Bank of New York Mellon Corp.'s role in the leveraged buyout that created and then bankrupted LyondellBasell, a New York judge said Friday.
Skadden represented Basell AF SCA during the leveraged buyout of Lyondell Chemical Co., a deal that was green-lit by by BNY Mellon as the trustee for Basell bonds held by a group of hedge funds. Those...