Bondholders Ask For Limits On Asarco's Extensions

Law360, New York (February 8, 2008, 12:00 AM EST) -- Impatient with Asarco LLC's continued motions to extend exclusivity over its bankruptcy proceedings, the majority bondholders in the company's Chapter 11 case asked the court Thursday to grant Asarco newest motion only if it is the last.

The mining company asked the judge for yet another extension allowing it to exclusively file its Chapter 11 plan in January, saying that it needed more time to haggle with creditors over outstanding liabilities.

The extension would be the company's ninth such continuance.

But the bondholders complained on Thursday...
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