Trustee, Others Blast Chemtura Disclosure Statement

Law360, New York (July 19, 2010, 5:28 PM EDT) -- Multiple parties in the Chemtura Corp. bankruptcy, including the U.S. trustee in the case, have objected to Chemtura’s disclosure statement, with many arguing the statement fails to address chemical exposure and environmental claims pending against the company.

In a series of objections filed Friday in the U.S. Bankruptcy Court for the Southern District of New York, several of Chemtura’s insurers and creditors, as well as Acting U.S. Trustee Tracy Davis, asked the court to reject the disclosure statement the company submitted June 17.

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