Asarco asks bankruptcy court for more time, citing asbestos and environmental claims

11

Jul
2007

Asarco LLC, the mining and smelting company that filed for bankruptcy in 2005 , has asked the bankruptcy court for more time to file its reorganization plan. The current deadline for the company to file its plan is August 9. Asarco says it needs more time because of the complexity of the issues involving the billions of dollars of environmental liabilities and asbestos claims against the company. Representatives of asbestos victims estimate Asarco’s asbestos liabilities to be between $906 million and $2.66 billion. Asbestos is linked to mesothelioma and other diseases.
For the full story, go to www.forbes.com.

email this page print this page permanent link

Related News

Baron & Budd, P.C.:
Since 1977, the law firm of Baron & Budd, P.C. has championed the rights of people and communities harmed by corporate misconduct. With over 50 attorneys and offices in Texas, California, and Louisiana, Baron & Budd enjoys a national reputation as a leader of the plaintiffs’ bar. The firm represents individuals with mesothelioma and other diseases caused by asbestos and injuries caused by other toxic substances and pharmaceuticals. The firm also represents water authorities seeking clean-up costs for drinking water contamination; securities investors and governmental entities defrauded by corporate wrongdoing; and consumers. For more information about Baron & Budd, call 800-222-2766 or contact us via our secure form.

 
Other Offices:
  • Baton Rouge, LA
  • Cleveland, OH
  • Beverly Hills, CA
  • Austin, TX
Main Office:
3102 Oak Lawn Avenue, Suite 1100
Dallas, TX 75219
For nearly 30 years, the law firm of Baron & Budd, P.C. has fought to safeguard the rights of mesothelioma victims and their families. MesotheliomaNews.com is a public service of Baron & Budd, P.C.

© 2008, Baron & Budd, P.C.