Marathon Challenges Order Protecting Lyondell Parent

Law360, New York (March 16, 2009, 12:00 AM EDT) -- Marathon Petroleum Co. LLC has challenged a decision by the judge overseeing Lyondell Chemical Co.'s bankruptcy proceedings to block creditors from taking action against the chemical company's Luxembourg-based parent, LyondellBasell Industries AF SCA.

Marathon Petroleum filed a notice of appeal in the U.S. Bankruptcy Court for the Southern District of New York on Friday, taking aim at Judge Robert Gerber's Feb. 26 order granting 60 days of injunctive relief to Lyondell's nondebtor affiliates, as well as a bench decision regarding the injunction order.

The preliminary injunction...
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