Securities Litigation: Hexion Specialty Chemicals, Inc.

Lifschitz et al v. Hexion Specialty Chemicals, Inc. et al
USDC SD New York
Disclosure
Acquisition (Huntsman)

Company background

Litigation background

Lead plaintiffs

SEC disclosure

Form 10-Q 8.14.08 At page 38
On July 17, 2008, an individual Huntsman shareholder filed suit against the Company, Craig O. Morrison and Joshua J. Harris, in the United States District Court in the Southern District of New York related to matters arising out of the Huntsman merger agreement (the New York Action). The New York Action is captioned Sandra Lifschitz v. Hexion Specialty Chemicals, Inc., et al. No. 08-CV-6394 (S.D.N.Y.). The plaintiff in the New York Action seeks to represent a class of purchasers of Huntsman common stock between May 14, 2008 and June 18, 2008 (the Class Period). In the New York Action, the plaintiff alleges that the defendants disseminated false and misleading statements and failed to disclose material facts during the Class Period in violation of U.S. securities laws.

Merger agreement