Solutia Puts Chocolate Bayou, Shell Spats Behind

Law360, New York (November 28, 2007, 12:00 AM EST) -- Solutia Inc. put to rest disputes with former parent Monsanto Co. over the use of the debtor's Chocolate Bayou plant in Texas and with Shell Chemical Co. over its claims in the bankruptcy when a judge approved the chemical makers' settlements.

The Chocolate Bayou plant in Alvin, Texas, contains a Monsanto-owned and Solutia-operated disodium iminodiacetic acid facility where Monsanto produces a chemical for its Roundup weed-killer. Along with the land and operation Solutia provides at the site, Solutia also supplied certain raw materials for the DSIDA...
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.