Huntsman Can Sue Creditors, Judge Rules

Marino, Jonathan
May 2009
Mergers & Acquisitions Report;5/18/2009, Vol. 22 Issue 20, p3
This article reveals that a ruling by Judge Fred Edwards of the 9th District Court of Montgomery County, Texas will enable chemical firm Huntsman Corp. to pursue damages against would-be creditors it blamed for the failure of its 2008 merger deal with Hexion Specialty Chemicals. The creditors are Credit Suisse and Deutsche Bank. Huntsman plans to claim that the banks committed common law fraud in relation to its initial Basell deal, civil conspiracy, negligent misrepresentation and tortuous interference with the Hexion agreement.


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