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04.17.2008 2:33 pm

No sweat for Solutia’s lawyers

St. Louis Post-Dispatch

If an opera isn’t over until the fat lady sings, then a bankruptcy case isn’t over until the lawyers get paid. In the long-running Solutia bankruptcy saga, one of the final acts came today when Judge Prudence Carter Beatty approved…

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01.23.2008 9:09 am

Credit crunch derails Solutia loan

St. Louis Post-Dispatch

If we needed a local example to show the effects of the worldwide credit crunch, Solutia provided it this morning. The chemical company was scheduled to emerge from bankruptcy this week, but it says that exit will be delayed because…

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10.22.2007 4:33 pm

A tale of two bankruptcies

St. Louis Post-Dispatch

Two bankruptcy cases from opposite ends of Missouri apparently will have very different outcomes for people who play the risky game of speculating in failed companies’ shares.

Shares of Interstate Bakeries fell 85 percent today, closing at 15 cents apiece,…

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05.02.2007 9:52 am

Solutia bonds take a tumble

St. Louis Post-Dispatch

Solutia bonds tumbled in value by more than 17 percent this morning after a bankruptcy judge ruled that they are unsecured debt. A series of bonds that matures in 2027 fell to 89 cents on the dollar from about $1.08 yesterday; bonds…

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