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Trustee Files 600 Avoidance Actions In Lyondell Ch. 11

Law360 (January 3, 2011, 7:55 PM EST) -- The trustee for the LB Litigation Trust, set up to pursue assets of the LyondellBasell Industries NV debtors in Lyondell Chemical Co.'s bankruptcy, has launched hundreds of avoidance actions with a total face value of about $32.3 million in the past two weeks.

At least 600 adversary cases were filed Monday and over the previous two weeks by litigation trustee Edward S. Weisfelner in the U.S. Bankruptcy Court for the Southern District of New York.

Those actions were filed by the firm Whitford Taylor & Preston...
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