Asarco Settles With Majority Bondholder

Law360, New York (October 11, 2007, 12:00 AM EDT) -- Asarco LLC said Wednesday that it had settled a dispute with hedge fund Harbinger Capital Partners over what access it would have to the bankrupt copper mining company's business records.

Under the settlement, Asarco will terminate the communications restrictions contained in its confidentiality agreement, while Harbinger will drop its request for a so-called Rule 2004 examination. Asarco and Harbinger also agreed to vacate an Oct. 19 hearing.

“Please take notice that the restrictions on the ability of the potential plan sponsors to communicate with official unsecured...
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