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Business News: Blavatnik cleared of fraud claims over Lyondell Chemical buyout

Len Blavatnik, the billionaire investor, has been cleared of fraud claims related to his $19bn buyout of Lyondell Chemical, according to a ruling from a US federal bankruptcy judge issued late on Friday.


Posted: 2017-04-21 18:04:00

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Business News: Blavatnik cleared of fraud claims over Lyondell Chemical buyout | Daily Business News - Newscast

Blavatnik cleared of fraud claims over Lyondell Chemical buyout

Fri, 21 Apr 2017 17:40:13 GMT

Len Blavatnik, the billionaire investor, has been cleared of fraud claims related to his $19bn buyout of Lyondell Chemical, according to a ruling from a US federal bankruptcy judge issued late on Friday. Mr Blavatnik combined Basell, his chemicals business ...

Blavatnik cleared of fraud claims over Lyondell Chemical buyout - Financial Times

Fri, 21 Apr 2017 17:00:00 GMT

After it reorganised, a trustee was assigned to pursue fraud claims against Lyondell's management on behalf of creditors. The trustee accused management of manipulating financial projections, which boosted the buyout price but rendered LBI insolvent at ...

Blavatnik cleared of fraud claims over Lyondell Chemical buyout

Fri, 21 Apr 2017 17:00:00 GMT

Len Blavatnik, the billionaire investor, has been cleared of fraud claims related to his $19bn buyout of Lyondell Chemical, according to a ruling from a US federal bankruptcy judge issued late on Friday. Mr Blavatnik combined Basell, his chemicals business ...

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Wed, 21 Dec 2016 16:00:00 GMT

In Brief: District Court Denies Lyondell Shareholders' Motion to Reconsider Actual Fraud Imputation Ruling ... chapter 11 case of Lyondell Chemical Company ("Lyondell"). By that ruling, the bankruptcy court dismissed claims asserted by a chapter 11 plan ...

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Wed, 27 Jul 2016 14:31:24 GMT

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