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Solutia Retirees Object To Exclusivity Motions

Law360 (April 27, 2007, 12:00 AM EDT) -- The official committee of retirees of Solutia Inc. have filed a motion opposing the termination of the company’s exclusivity period, saying that creditors will not be harmed by another extension.

The motion, which was filed Thursday in the U.S. Bankruptcy Court for the Southern District of New York, is meant to counter motions filed recently by the ad hoc committee of noteholders and the official committee of equity holders seeking termination of Solutia’s exclusivity. Solutia recently asked the court for another 90 days.

Specifically, the official...
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