Lyondell Adds 13 More Cos. To Ch. 11 Proceedings

Law360, New York (May 8, 2009, 12:00 AM EDT) -- Thirteen U.S. companies are being added to Lyondell Chemical Co.'s bankruptcy proceedings in New York, a development that comes two weeks after Luxembourg-based LyondellBasell Industries AF SCA joined its U.S. affiliate Lyondell Chemical in Chapter 11 to fend off claims from creditors.

Lyondell lodged a motion in the U.S. Bankruptcy Court for the Southern District of New York on Friday, asking the court for an order that would make certain previous orders and pleadings in the Lyondell Chemical case applicable to the newly filed Chapter 11...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.