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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

(Friday April 21, 2017 08:07:00)

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

(Friday April 21, 2017 07:12:00)

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 ...

U.S. judge revives $6.3 billion fraud claim in Lyondell bankruptcy

(Wednesday July 27, 2016 07:52:00)

NEW YORK A federal judge on Wednesday revived a lawsuit alleging that Lyondell Chemical Co intentionally cheated creditors out of $6.3 billion when it underwent a 2007 leveraged buyout ... includes breach of fiduciary claims against other Lyondell officers ...

U.S. judge revives $6.3 billion fraud claim in Lyondell bankruptcy

(Wednesday July 27, 2016 03:22:00)

NEW YORK A federal judge on Wednesday revived a lawsuit alleging that Lyondell Chemical Co intentionally cheated creditors out of $6.3 billion when it underwent a 2007 leveraged buyout ... includes breach of fiduciary claims against other Lyondell officers ...

U.S. judge revives $6.3 billion fraud claim in Lyondell bankruptcy

(Tuesday July 26, 2016 05:00:00)

NEW YORK (Reuters) - A federal judge on Wednesday revived a lawsuit alleging that Lyondell Chemical Co intentionally cheated creditors out of $6.3 billion (4.76 billion pounds) when it underwent a 2007 leveraged buyout, only to go bankrupt barely a year later.

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