Asarco, Creditors Battle Bid To Appoint Examiner

Law360, New York (February 5, 2008, 12:00 AM EST) -- Bankrupt mining outfit Asarco LLC and a creditors committee are objecting to a bid to appoint an examiner in the case, saying the parent company pushing for the examiner is misusing the bankruptcy process and trying to hijack the reorganization plan.

In motions filed Monday in the U.S. Bankruptcy Court for the Southern District of Texas by the unsecured creditors committee and Asarco LLC, the two maintain that efforts by the parent company, Asarco Inc., a unit of Mexican mining company Grupo Mexico, are nothing more...
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