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LyondellBasell Industries
LyondellBasell Adds Non-Operating Entities to Chapter 11
May 31st, 2009
LyondellBasell Industries today added 13 non-operating entities to Lyondell Chemical Company's reorganization filing under Chapter 11 of the U.S. Bankruptcy Code. All of the entities are U.S. companies and were added to the original Chapter 11 filing for administrative purposes. These filings will have no impact on current business or operations as none of the entities manufactures or sells products. LyondellBasell also announced that the Claims Bar Date will be moved to June 30, 2009 in order to have only one claims deadline for all entities in Chapter 11. LyondellBasell continues to conduct business worldwide while the company develops its...
Source: Pharma Investments, Ventures & Law Weekly (2009-05-31)
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