Solutia financing trial kicks off

Citigroup Inc., Goldman Sachs Group Inc. and Deutsche Bank AG decided independently to pull out of a commitment to fund Solutia Inc.’s $2 billion bankruptcy exit loan, a lawyer for the lenders said. Attorney D.J. Baker contradicted Solutia’s claims that New York-based Citigroup may have led the decision to withdraw. The banks each decided on their ...

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Solutia financing trial kicks off

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