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Lyondell Chem. Co. v. Centerpoint Energy Gas Servs. (In re Lyondell Chem. Co.)

Lyondell Chem. Co. v. Centerpoint Energy Gas Servs. (In re Lyondell Chem. Co.)

Ruling
Injunction issued barring creditors from filing involuntary petition against debtor's parent company for 60 days.
Procedural posture

Chapter 11 debtors filed an adversary proceeding against defendant creditors, seeking an order prohibiting the creditors, until confirmation, from pursuing certain remedies against the debtors' non-debtor parent corporation. The court issued a temporary restraining order (TRO), and while the TRO was in effect, the debtors filed motions seeking two preliminary injunctions.

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Commercial opinion summary, case decided on February 26, 2009 , LexisNexis #0409-036