Huntsman's Trial Against European Banks Begins

ERNEST SCHEYDER

NEW YORK (AP) — Huntsman Corp. told a Texas courtroom Monday that two European banks schemed with a private-equity company to scuttle a $6.5 billion buyout of the chemicals maker last year.

The company is seeking up to $4.6 billion from Switzerland's Credit Suisse and Germany's Deutsche Bank.

A year after a deteriorating economy led to an exodus of billions in private-equity money from several proposed takeovers, Huntsman's is one of the few that has not been resolved, at least legally. ...