Too Soon For Lehman's Extra Fees: Asarco Creditors

Law360, New York (February 13, 2008, 12:00 AM EST) -- The majority bondholders in Asarco LLC's Chapter 11 case have filed an objection to the company's bid to expand the scope of and increase the compensation for the services provided by Lehman Brothers Inc., Asarco's financial advisor and investment banker, saying such a request is better made later.

Harbinger Capital Partners Master Fund I Ltd., Harbinger Capital Partners Special Situations LP and Citigroup Global Markets Inc., a group that says it holds about two-thirds of the principal amount of Asarco LLC's unsecured bonds and debentures, filed...
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