Rep Reyes, House intelligence committee chair 2006 said news never supposed to see light of day: Asarco Bankruptcy: "big judgment and a unique procedure to auction off that judgment"

Tuesday, August 23, 2011

Asarco Bankruptcy: "big judgment and a unique procedure to auction off that judgment"

Saturday, August 20, 2011
Bidders Reimbursed For Auction Which Never Occurred: The Fifth Circuit's ASARCO Opinion.........."This was a case about a big judgment and a unique procedure to auction off that judgment....(I have included the citations here because they are informative opinions for fraudulent transfer litigation). ... In order to entice the bidders to perform the expensive legal due diligence necessary to evaluate the asset, ASARCO sought and obtained an order from the Bankruptcy Court authorizing it to reimburse qualified bidders for their due diligence expenses.... it can be used to tilt the auction procedures in favor of the stalking horse. ......"

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

We know know that Asarco, Dupont and Englehard --- all caught by EPA and the US DOJ as sending illegal wastes to be burned here (the EPA still refused to release the invoices listed by ID numbers in the 1998 73 page US DOJ EPA secret document NYTimes 10/2006) were US DOE HIGH LEVEL RADIOACTIVE WASTE DISPOSAL CONTRACTORS. TO THIS DAY none of them have been held responsible through the bankruptcy court for ANY of the illegal waste disposal damage to our community and its water. It is very likely that they hid under the protection of the 1940's Atomic energy act (see book on rocky flats plutonium site by Karen Iversen).

Sample FOIA request Letter

U.S. Environmental Protection Agency, Region VI

Attn: Freedom of Information Officer (6MD-00)

1445 Ross Ave

Dallas, TX 75202-2733

Re: FREEDOM OF INFORMATION ACT REQUEST

Dear Sir or Madam:

Pursuant to the Freedom of Information Act, 5 U.S.C. § 552, we request a copy of all documents, ((from January, 2007 to present, pertaining to the __________________... add your specific description)).

If any documents or items are withheld, please identify the exemption under which you believe such materials may be withheld from disclosure. To the extent any exemption is claimed with respect to a document, please produce so much of such document that is not covered by any claimed exemption. We reserve the right to appeal your decision to withhold any information.

In compliance with the Freedom of Information Act, we will pay reasonable charges incurred for search and copying costs [- - add this part if you need a limit of charges: “up to $25.00” (($25.00 is the default)]. In the event that there are a substantial number of responsive documents, we would appreciate the opportunity to review all responsive documents.

Please reply to this request within the next twenty (20) working days, as required by the Freedom of Information Act. If you have any questions or comments, please call ____________.

Sincerely,