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

Monday, February 4, 2008

Asarco opposes Grupo's request for examiner in bankruptcy case

"New York (Platts)--4Feb2008

Grupo Mexico's recent request for a court-appointed examiner in the
Asarco bankruptcy case is being opposed by several parties, including US
copper producer Asarco and the United Steelworkers union, who urged a Texas
court on Monday to reject Grupo's application.....

In new filings with the court, Asarco and the USW opposed the examiner
request while the United States, also a party to the case, said it has
"serious questions" about the need for an examiner....

The USW said it "strongly opposes" Grupo's request.

It's unclear when Schmidt will rule on Grupo's request.

--Bob Matyi, newsdesk@platts.com"
http://www.platts.com/Metals/News/6752266.xml?src=Metalsrssheadlines1

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