Asarco Adds Settlement Package To Ch. 11 Plan

Law360, New York (September 10, 2008, 12:00 AM EDT) -- Asarco LLC has tacked a range of environmental settlements with various federal and state agencies on to its Chapter 11 reorganization plan as the bankrupt mining company seeks to escape court protection once and for all.

On Tuesday, Asarco filed a supplement to its joint plan of reorganization in the U.S. Bankruptcy Court for the Southern District of Texas, updating the court on the array of truces the company has reached.

“The settlement amounts herein are in the nature of compromises and these amounts are lower...
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