Asarco, Other Ch. 11s Spark Debate Over Cleanups

By Jesse Greenspan (July 29, 2009, 6:45 PM EDT) -- The U.S. government is pushing for greater financial assurances upfront to prevent companies from shirking their environmental responsibilities if they go bankrupt. But at the same time, it may have lost some of its ability to negotiate settlements using the threat of joint and several liability, according to experts....

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