Legal Opinion

Weisfelner v. Fund 1 (In re Lyondell Chemical Co.)

United States Bankruptcy Court, S.D. New York

Decided November 18, 2015No. Case No. 09-10023 (REG) Jointly Administered Adversary Proceeding Case No. 10-04609 (REG), Adversary Proceeding Case No. 12-01570 (REG), Adversary proceeding Case No. 10-05525 (REG)PublishedCited by 13 opinions

1Opinion of the Court

DECISION ON MOTIONS TO DISMISS AMENDED INTENTIONAL FRAUDULENT TRANSFER CLAIMS, ET AL.

ROBERT E. GERBER, UNITED STATES BANKRUPTCY JUDGE:

In late December 2007, Basell AF S.C.A. (“Basell”), a Luxembourg entity controlled by Leonard Blavatnik (“Blavatnik”), acquired Lyondell Chemical Company (“Lyondell”), a Delaware corporation headquartered in Houston — forming a new company after a merger (the “Merger”), LyondellBasell Industries AF S.C.A. (as used by the parties, “LBI,” or here, the “Resulting Company”),1 Lyondell’s parent — by means of a leveraged buyout (“LBO”). The LBO was 100% financed by…

2Cases cited43 opinions

  1. Ashcroft v. IqbalSupreme Court of the United States · 2009
  2. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  3. Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
  4. Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
  5. Gustafson v. Alloyd Co.Supreme Court of the United States · 1995

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3Cited by13 opinions

  1. Weisfelner v. Blavatnik (In re Lyondell Chemical Co.)United States Bankruptcy Court, S.D. New York · 2016
  2. Weisfelner v. Blavatnik (In re Lyondell Chemical Co.)United States Bankruptcy Court, S.D. New York · 2016
  3. Official Committee of Unsecured Creditors v. Sabine Oil & Gas Corp. (In re Sabine Oil & Gas Corp.)District Court, S.D. New York · 2016
  4. Weisfelner v. Blavatnik (In re Lyondell Chemical Co.)United States Bankruptcy Court, S.D. New York · 2017
  5. Weisfelner ex rel. LB Litigation Trust v. Hofmann (In re Lyondell Chemical Co.)District Court, S.D. New York · 2016

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