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People & Business :: People/Executives

Ex-Dow Executive Sues J.P. Morgan over Buyout Talks

9:34 AM MDT | October 24, 2007 | Chemical Week Editorial Staff

Kreinberg: Blamed for others’ deeds. Former Dow Chemical executive v.p. Romeo Kreinberg has sued J.P. Morgan Chase, alleging that the company deceived Dow by secretly entering into discussions to sell the company and then blamed him after chairman and CEO Andrew Liveris found out. “In one of the great ironies of this litigation, discovery has revealed that Andrew Liveris, along with J.P. Morgan, were considering a leveraged buyout (LBO) of The Dow Chemical Company long before Kreinberg was terminated for purported ‘unauthorized...

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