Lyondell Sues To Halt Collection From French Units

Law360, New York (March 3, 2009, 12:00 AM EST) -- Bankrupt Lyondell Chemical Co. filed an adversary suit Monday to stop chemical company Air Products LP from attempting to recover settlement funds from Lyondell’s French subsidiaries.

The lawsuit, filed in the U.S. District Court for the Southern District of New York, alleges that Delaware-based Air Products sought to recover owed settlement funds by obtaining an order from a French court ordering Lyondell’s French subsidiaries Lyondell Chimie France SAS, Lyondell France Holdings SAS and Lyondell Chimie TDI SCA to fork over more than $27 million after Lyondell...
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