Objections Pour In Over Grupo Mexico's Asarco Plan

Law360, New York (August 6, 2009, 5:29 PM EDT) -- A flood of objections has come in against the parent company of Asarco LLC, which filed one of three competing reorganization plans for the bankrupt copper mining company.

The deadline for filing objections to the plan was Wednesday, at which time Asarco told the U.S. Bankruptcy Court for the Southern District of Texas that the plan proposed by its parent, Grupo Mexico SAB de CV, was not filed in good faith, not fair and equitable, not feasible, and failed to comply with all provisions necessary to...
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