Third Point Loan buys $1.5 million claim against Solutia

By Caroline Salls

Pittsburgh, Oct. 27 - Third Point Loan, LLC bought Merrill Lynch Credit Products, LLC's $1.5 million claim against Solutia, Inc., according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Merrill Lynch purchased the claim from original holder Roux Associates, Inc.

Solutia, a St. Louis-based manufacturer and provider of performance films, specialty chemicals and an integrated family of nylon products, filed for bankruptcy on Dec. 17, 2003. Its Chapter 11 case number is 03-17949.

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