October 05, 2016
A New York federal judge on Wednesday refused to reconsider her ruling allowing unsecured creditors of Lyondell Chemical Co. to try to claw back $6.3 billion in payments to shareholders, cementing her finding that the company's CEO's actions could be ascribed to the company.
August 11, 2016
Lyondell Chemical Co. shareholders have urged a New York district judge to rethink overturning a bankruptcy court's block on claims by unsecured creditors seeking to claw back $6.3 billion distributed to shareholders in a leveraged buyout, saying the deal had been approved by the board.
July 27, 2016
A New York district judge on Wednesday overturned a bankruptcy court's decision to bar the claims of unsecured creditors of Lyondell Chemical Co., who claimed Lyondell's CEO engaged in an intentional fraudulent transfer in connection with a leveraged buyout and sought to claw back $6.3 billion in distributions to shareholders through the LBO.