Sterlite Sued Over Legal Fees From Failed $2.6B Asarco Deal

Law360, New York (January 23, 2013, 1:56 PM EST) -- Law firm Harkins Cunningham LLP filed a breach of contract suit against Sterlite (USA) Inc. and its Indian parent in Washington federal court Tuesday, claiming the mining company failed to pay the firm for services related to Sterlite's alleged breach of a $2.6 billion acquisition of bankrupt miner Asarco LLC.

Harkins said Sterlite owes the firm roughly $80,000 for its work as counsel in regulatory proceedings related to Sterlite's proposed acquisition of a rail unit of Asarco in 2009. At the time, Asarco was the debtor-in-possession...
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