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Creditors Say Lyondell Owes Damages For Breaching Settlement Agreement

NEW YORK - The couple who filed a $1.5 million proof of claim in the Chapter 11 bankruptcy proceeding of Lyondell Chemical Co. related to an alleged settlement agreement, on March 13 filed an amended claim in the U.S. Bankruptcy Court for the Southern District of New York, contending that Lyondell breached its agreement and that they are entitled to payment under the plan of reorganization (In Re: Lyondell Chemical Company, No. 09-10023, Chapter 11, S.D. N.Y. Bkcy.).
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