- 11 U.S.C.
In re Chemtura Corp.
Oct
21
2010
Ruling
Plan confirmed as fair and equitable as based on accurate total enterprise value and serving estate's best interests.
Procedural posture
After chapter 11 debtors, related chemical companies, sought confirmation of a proposed plan of reorganization, several parties filed objections on grounds including that the plan was not "fair and equitable" within the meaning of 11 U.S.C.S. § 1129(b). Issues included the alleged undervaluation of debtors and the effects of that claimed defect on proposed distributions and on a proposed global settlement of claims on which the plan was based.
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Court
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