Court OKs Quinn Emanuel As Solutia Special Counsel

Law360, New York (February 20, 2008, 12:00 AM EST) -- Quinn Emanuel Urquhart Oliver & Hedges LLP has been formally appointed to represent Solutia Inc. in the bankrupt chemical company's adversary suit accusing three prominent investment banks of allegedly violating an agreement by reneging on a $2 billion exit-financing loan.

The Los Angeles-based firm was approved as Solutia's special litigation and conflicts counsel Tuesday by the U.S. Bankruptcy Court for the Southern District of New York, which is overseeing Solutia's Chapter 11 case.

The presiding judge found that the appointment was in the debtor's best interests,...
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