Lenders OK'd To Join $22B Suit Over Lyondell Merger

Law360, New York (August 18, 2009, 6:10 PM EDT) -- A bankruptcy judge reportedly has signed off on a request by a group of lenders that represents more than half the first lien debt in Lyondell Chemical Co. to intervene in a $22 billion suit against the company's board of directors and a group of banks over the leveraged buyout of the company by Basell AF SCA.

Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York approved the request at a hearing Tuesday, Reuters reported.

The official committee of...
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