Solutia Supports Extension Bid

Law360, New York (November 16, 2006, 12:00 AM EST) -- Seeking to bolster its bid for a ninth extension of its exclusive rights to file and solicit support for a Chapter 11 plan, bankrupt chemical products maker Solutia Inc. filed its reply Wednesday to a strongly worded objection lodged last week by the ad hoc noteholders committee.

Solutia’s former parent company Monsanto Corp. has already traded barbs with the noteholders, who accused Solutia of failing to aggressively prosecute claims for environmental liabilities against Monsanto, and complained that the securing liens on the $450 million in Solutia...
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