Hussey Copper And Affiliates File For Ch. 11

Law360, New York (September 27, 2011, 8:51 PM EDT) -- Copper products maker Hussey Copper Ltd. and five of its affiliates filed for Chapter 11 bankruptcy protection in Delaware on Tuesday, citing challenges caused by the economic downturn and fluctuations in the price of copper.

The company, along with affiliates Hussey Copper Corp., OAP Real Estate LLC, Cougar Metals Inc., Orbie Trading LP and Hussey Exports Ltd., listed combined assets and liabilities of between $100 million and $500 million.

In a statement, Hussey Copper's board of directors and executives said filing for bankruptcy "is desirable and...
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