Chemtura Corp (fka CHMT)

[hypahz]

Chemtura Wins Judge's `Conditional' Approval of Reorganization Outline
By Tiffany Kary - Jul 21, 2010

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Chemtura Corp., a bankrupt plastic- additives maker, won court approval of the rough terms of its plan to reorganize, as a judge said shareholders could raise objections again at a hearing to confirm the plan in September.

U.S. Bankruptcy Judge Robert Gerber said his approval is conditional, as the so-called disclosure statement should be entered in court documents with some changes.

To contact the reporter on this story: Tiffany Kary in New York at [e-mail]