Asarco Amends Ch. 11 Plan
Administrative claims regarding asbestos debtors are to be paid from the asbestos trust, according to the amended plan filed in the U.S. Bankruptcy Court for the Southern District of Texas.
The company's amended Chapter 11 plan permanently enjoins holders of unsecured personal injury asbestos claims from taking any action against any of the company's protected parties.
“The sole recourse...
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