Asarco Fails To Nix $7M In DOJ, State Ch. 11 Bills

Law360, New York (June 10, 2010, 3:54 PM EDT) -- A federal judge has refused to hand either side an early win as Asarco LLC wrestles with federal and state agencies over $7 million in attorneys' fees racked up during the mining giant’s sprawling and ultimately successful reorganization.

On Wednesday, Judge Richard S. Schmidt of the U.S. Bankruptcy Court for the District of Delaware rejected Asarco’s contention that the reimbursements state and federal agencies now seek were already covered by the Chapter 11 plan's $1.79 billion in environmental settlements.

The court, however, also denied cross-motions for...
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