BNSF, Freeport-McMoRan Exit $150M Asarco Cleanup Suit

Law360, New York (November 23, 2011, 7:57 PM EST) -- A Missouri federal judge on Wednesday approved Asarco LLC's settlements with BNSF Railway Co. and Freeport-McMoRan Copper & Gold Inc., allowing Freeport-McMoRan and BNSF to exit an Asarco suit demanding contributions for a $150 million Superfund settlement.

BNSF will pay Asarco $675,000, according to a settlement agreement signed in October. The Freeport-McMoRan settlement was not included with Asarco's motion to dismiss its case, but Asarco told the court that the dispute with Freeport-McMoRan had been settled and should be dismissed with prejudice.

Asarco filed the suit...
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