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Lyondell Can Pay MTBE Settlement Share: Judge

Law360 (April 16, 2009, 12:00 AM EDT) -- A judge has allowed bankrupt Lyondell Chemical Co. to pay its share of settlements in more than 60 product liability cases over the gasoline additive methyl tertiary-butyl ether, the majority of which have been consolidated in multidistrict litigation settled by other defendants for about $422 million.

On Thursday, Judge Robert E. Gerber issued an order in the U.S. Bankruptcy Court for the Southern District of New York allowing the chemical company to modify the stay imposed by the bankruptcy filing and consummate the settlements.

Although the...
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