Judge Gives Asarco More Time—Again

Law360, New York (July 23, 2007, 12:00 AM EDT) -- A judge has given bankrupt mining company Asarco LLC three more months to file its exclusive plan to reorganize, a partial victory for Asarco since it had asked for about four months.

In an order Friday, Judge Richard S. Schmidt of the the U.S. Bankruptcy Court of the Southern District of Texas gave Asarco until Nov. 12 to file its plan, and until Jan. 14 to solicit approval from its creditors.

Asarco's exclusive right to file a plan would have expired Aug. 9 if the judge...
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