Asarco Wins Extensions To Lobby For, File Plan

Law360, New York (February 12, 2008, 12:00 AM EST) -- The judge overseeing Asarco LLC's Chapter 11 proceedings granted the mining company's ninth request to extend its exclusive control of its reorganization just a day after Asarco's majority bondholders implored the court to approve the extension bid only if it was the company's last.

U.S. Bankruptcy Judge Richard S. Schmidt signed off Friday on an order extending Asarco's exclusive right to file a restructuring plan through April 11, 2008, and the company's exclusive right to solicit support for the plan through June 13, 2008.

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