We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Asarco, Denver Strike Deal On Environmental Claims

Law360 (January 27, 2009, 12:00 AM EST) -- Asarco LLC has asked the bankruptcy court in charge of its Chapter 11 proceedings to approve a settlement pact that would resolve the city of Denver's environmental claims against the mining company in exchange for an allowed general unsecured claim of $640,000.

Asarco filed a motion Monday with the U.S. Bankruptcy Court for the Southern District of Texas seeking approval for the deal, which would resolve all of the city of Denver's claims — except for tax claims — against Asarco connected with two sites where...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.