"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Friday, July 20, 2007

12.5 million instead of 200 million... @ 5% of estimated liability

"...Experts for Asarco estimated the company's liabilities would have been $14 million, far less than the U.S. estimate of more than $200 million. Under the settlement, the company will pay $12.5 million to Colorado and the United States. Shelby Jordan, a lawyer for Asarco with Jordan, Hyden, Womble, Culbreth & Holzer in Corpus Christi, didn't return a call for comment. U.S. Bankruptcy Judge Richard S. Schmidt in Corpus Christi is scheduled to hear Asarco's motion to approve the settlement next Friday...."
http://www.azstarnet.com/business/192586

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