Bankruptcy Court Approves Up To $9 Million Payment To Reorganized ASARCO

Mealey's (January 22, 2016, 12:26 PM EST) -- CORPUS CHRISTI, Texas — A Texas federal bankruptcy judge on Jan. 19 approved a request by the administrator for the plan of reorganization of reorganized ASARCO LLC to return up to $9 million in unused bankruptcy funding to the company (In re: ASARCO LLC, No. 05-21207, S.D. Texas Bkcy.).

(Order available. Document #48-160129-014R.)

$3.35 Billion

ASARCO and five subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in 2005 in the U.S. Bankruptcy Court for the Southern District of Texas. After...
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