Solutia Seeks Court Nod For Disclosure Statement

Law360, New York (May 29, 2007, 12:00 AM EDT) -- Taking the next step toward exiting bankruptcy, chemical company Solutia Inc. has asked for court approval of its disclosure statement in hopes of emerging from Chapter 11 protection before October.

Solutia said in court documents filed Friday that a hearing on its motion for an order approving the proposed disclosure statement will held on July 10. Any responses or objections to the solicitation motion must be filed with the U.S. Bankruptcy Court for the Southern District of New York by June 28, Solutia said.

The company...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.