Asarco Rebuffed In Appeal Over Pension Arbitration

Law360, New York (January 9, 2008, 12:00 AM EST) -- Bankrupt copper producer Asarco Inc. has lost a bid to overturn a federal court's ruling that the union representing its retired workers was entitled to arbitration in a dispute over pension benefits.

Asarco appealed a judgment of the Arizona district court that sided with the United Steelworkers of America and 20 former employees who were laid off from the company's copper smelting plant in El Paso, Texas nine years ago.

In a ruling issued Monday the U.S. District Court for the Ninth Circuit found the retirees,...
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