Judge Lets Huntsman Suit Against Banks Advance

ERNEST SCHEYDER

NEW YORK (AP) — Investors sent shares of Huntsman Corp. higher Tuesday, after the chemicals maker said a Texas judge cleared the way for its multibillion-dollar suit against Credit Suisse and Deutsche Bank.

The stock rose 27 cents, or 4.7 percent, to $6.01 in morning trading. They traded as high as $6.31 earlier in the session.

The Woodlands, Texas-based company filed suit against the banks last year after they declined to fund Hexion Specialty Chemical's $6.51 billion buyout of Huntsman, which was proposed in July 2007. ...