Chemtura Corp (fka CHMT)

[Madclown]

Don't skip past this part from paragraph 9 of the EC's Objection to the Plan Support Agreement:

Indeed, concurrent with the filing of this Objection, the Equity Committee is filing its Motion of the Official Committee of Equity Security Holders for an Order, Pursuant to Section 1121(d) of the Bankruptcy Code, Terminating the Exclusive Periods During Which Only the Debtors May File a Chapter 11 Plan and Solicit Acceptances Thereof (the "Termination Motion") to terminate the Debtors' exclusivity in order to file its competing plan that is fully funded with at least $470 million in new equity commitments, raises $800 million in new debt, reinstates $500 million of 2016 Notes, and provides for pass-through of certain claims.

http://www.kccllc.net/documents/0911233/0911233100709000000000011.pdf