Federal Judge: Bankruptcy Court Proper Jurisdiction For Lyondell Fraud Claims

NEW YORK - A federal judge in New York on March 29 ruled that the U.S. Bankruptcy Court for the Southern District of New York is the proper jurisdiction for claims of fraudulent conveyance brought by the liquidating trustee in the Chapter 11 proceeding of Lyondell Chemical Co. (Edward S. Weisfelner v. Leonard Blavatnik [In Re: Lyondell Chemical Company] and Edward S. Weisfelner v. NAG Investments LLW, Nos. 11-8251 and 11-8445, Chapter 11, S.D. N.Y.).

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