Asarco Accused Of Foot-Dragging In Interest Feud

Law360, New York (April 9, 2010, 12:57 PM EDT) -- ASM Capital LP and other bondholders battling Asarco LLC over post-petition interest on their claims have attacked the reorganized mining company for trying to prolong the dispute and sap creditors’ will to carry out a costly fight.

A chorus of roughly 12 different investment funds objected to Asarco’s recent bid to extend discovery deadlines in their dispute over post-petition interest on the unsecured claims, contending that the company is attempting to wear down the creditors as they seek higher interest rates than those inscribed in the...
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