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When Huntsman announced earlier this week that it terminated its merger agreement with Hexion Specialty Chemicals as part of a settlement, it looked like the end of Hexion's suit against Credit Suisse and Deutsche Bank. You'll recall that after Vice Chancellor Stephen Lamb of Delaware Chancery Court found Hexion had willfully breached its merger agreement with Huntsman, he ordered Hexion to fulfill its obligations under the agreement. To make good on that order, Hexion, represented by Kasowitz, Benson, Torres & Friedman, sued Credit Suisse and Deutsche Bank in New York state court to force them to fund the deal.
December 19, 2008 at 12:00 AM
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