Bank Of NY Appeals Lyondell DIP Order

Law360, New York (June 1, 2009, 12:00 AM EDT) -- Bank of New York Mellon Corp. is appealing a bankruptcy court's order that holders of two sets of Lyondell Chemical Co. secured notes worth about $475 million are adequately protected under the company's debtor-in-possession financing order.

In a notice filed Monday in the U.S. Bankruptcy Court for the Southern District of New York, Bank of New York, which acts as trustee for the so-called Arco and Equistar noteholders, set forth the issues it will ask the U.S. District Court for the Southern District of New York...
To view the full article, register now.