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Huntsman has advised the Bank Defendants that it intends to pursue promptdepositions of senior Credit Suisse and Deutsche Bank executives, includingHarold Bogle, the global head of private equity for Credit Suisse, and ThomasGahan, former head of investment banking for Deutsche Bank.
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Huntsman's President and CEO Peter Huntsman observed, "We are eager to tryour Texas claims, which have already withstood appellate review in the TexasCourt of Appeals. We are confident that a Texas jury will see -- and bewilling to redress -- the serious injuries Huntsman has suffered at the handsof these banks."
About Huntsman:
Huntsman is a global manufacturer and marketer of differentiatedchemicals. Its operating companies manufacture products for a variety ofglobal industries, including chemicals, plastics, automotive, aviation,textiles, footwear, paints and coatings, construction, technology,agriculture, health care, detergent, personal care, furniture, appliances andpackaging. Originally known for pioneering innovations in packaging and,later, for rapid and integrated growth in petrochemicals, Huntsman today has13,000 employees and operates from multiple locations worldwide. The Companyhad 2007 revenues of approximately $10 billion. For more information aboutHuntsman, please visit the company's website at http://www.huntsman.com.
Forward-Looking Statements:
Statements in this release that are not historical are forward-lookingstatements. These statements are based on management's current beliefs andexpectations. The forward-looking statements in this release are subject touncertainty and changes in circumstances and involve risks and uncertaintiesthat may affect the company's operations, markets, products, services, pricesand other factors as discussed in the Huntsman companies' filings with theU.S. Securities and Exchange Commission. Significant risks and uncertaintiesmay relate to, but are not limited to, financial, economic, competitive,environmental, political, legal, regulatory and technological factors. Inaddition, the completion of any transactions described in this release issubject to a number of uncertainties and closing will be subject to approvalsand other customary conditions. Accordingly, there can be no assurance thatsuch transactions will be completed or that the company's expectations will berealized. The company assumes no obligation to provide revisions to anyforward-looking statements should circumstances change, except as otherwiserequired by applicable laws.
SOURCE Huntsman Corporation
