Asarco Wants Yet Another Plan Entension

Law360, New York (October 2, 2007, 12:00 AM EDT) -- Asarco LLC has filed its eighth bid for an extension of its exclusive plan filing and solicitation rights, asking for more time to identify a plan sponsor and to finish estimating its contingent liabilities.

On Monday, the mining and smelting outfit filed a motion seeking to persuade U.S Bankruptcy Judge Richard S. Schmidt to extend its exclusive rights to file a restructuring plan through Feb. 11, 2008, and its exclusive rights to seek creditor support for the plan through April 14, 2008.

Asarco's exclusive rights to...
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