We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Solutia Creditors Seek To Force Mediation

Law360 (February 15, 2007, 12:00 AM EST) -- The unsecured creditors committee in Solutia Inc.’s drawn-out Chapter 11 case has filed a motion to force the chemical company and its bondholders to mediate over the status of a $450 million claim.

The motion, filed Feb. 14 in the Southern District of New York, would require a 30-day mediation in exchange for extending Solutia’s exclusive period for filing a reorganization plan.

The sought-after mediation would include Solutia’s former parent company, Monsanto Co. as well as the ad hoc trade committee in the proceedings, according to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.