However, by the time a judgment is issued, there may be no money left at Dow. See today’s Wall Street Journal…excerpt below….
Dow Chemical Co.'s troubles multiplied Wednesday, as a rating agency renewed warnings it might lower the company's debt rating to junk status and the Kuwaiti parliament launched a bribery probe into a failed Dow joint venture.
Riding high only a few months ago, Dow now risks financial ruin, Chief Executive Andrew Liveris says, if a court forces it to move ahead immediately on the $15.3 billion acquisition of Rohm & Haas Co. that it struck last year.
Mr. Liveris argues he needs more time to arrange stable financing before going through with the purchase.
Any settlement with Rohm & Haas ...
Thomas K. Rohrer, Asst. Prof. & Director
Environmental Studies Program
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email@example.com [mailto:firstname.lastname@example.org] On Behalf Of Kathy & Gary Henry
In a surprising change of pace, plaintiffs were
notified today that the Michigan Supreme Court will hear oral
arguments in March. It has been 2 days since the
residents brief was filed for Dow Chemical's appeal on class
certification for Dow's dioxin contamination of the
Case #136298 in the appeals court.
The notice said the hearing will be on the March 2-3 docket, specific day and time to be announced February 10.