Chemtura Judge Blocks $20M Set-Aside For Pentair

Law360, New York (November 9, 2010, 2:53 PM EST) -- The judge overseeing Chemtura Corp.'s bankruptcy has denied Pentair Water Pool and Spa Inc.'s request to rope off $20 million to serve as insurance and halt payments to creditors while Pentair appeals a ruling concerning a reserve fund.

Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York ruled late Monday that setting off the $20 million and staying payments would unfairly injure retail and “mom and pop” investors who make up the majority of Chemtura equity holders and who...
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