Asarco, Denver Strike Deal On Environmental Claims

Law360, New York (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...
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