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Huntsman Corporation
Huntsman Wins Again
November 9th, 2008
Huntsman Corporation (NYSE:HUN) announced that the Court of Appeals for the Ninth District of Texas has unanimously affirmed the decision of District Court Judge Fred Edwards to award a temporary injunction in favor of Huntsman. The injunction, entered by the District Court on October 13, enjoins affiliates of Credit Suisse and Deutsche Bank (the "Banks") from filing any lawsuit "that directly or indirectly alleges that the combination of Hexion and Huntsman would be insolvent or would be in any way incapable of performing its obligations to pay off the notes" to the Banks. In writing for the three judge panel that affirmed the injunction, Chief...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-09)
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