Solutia Looks To Kibosh Shareholder Suit
According to the motion, filed with the U.S. Bankruptcy Court in Manhattan, the equity committee’s suit would stymie Solutia’s ability to seek the approval of its reorganization plan, which depends on a global settlement Solutia previously negotiated with Monsanto and Pharmacia.
Under that agreement, the three companies divvied up the costs of environmental cleanups and litigation, among...
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