NO MENTION OF THE YEARS OF SECRET TOXIC WASTE

"In contrast, the United Steelworkers of America have threatened to strike Asarco if Grupo Mexico should take back control of the company, and Kinzie said the parent's proposal will leave Grupo Mexico dangerously short on available cash.

Asarco also noted its plan has the backing of bondholders [HARBINGER, CITIGROUP] , the unsecured creditors committee, and its largest creditor, the U.S. government, which holds more than $1 billion in environmental claims.[...while the EPA and the DOJ continue to IGNORE the DOJ and EPA's OWN now-public evidence that Asarco secretly incinerated military and industrial unmanifested-wastes for years, for money] "

Google News Alert for: asarco

The Daily Docket: Creditors Seek Tribune Probe Wall Street Journal Blogs The future of Asarco LLC rests in the hands of a Texas bankruptcy judge after a two-week long confirmation hearing in the Arizona mining company's case drew ... See all stories on this topic

Asarco Attorney (also represented a client once whose President now runs AIG) argues for due process of law

Ironically, the El Paso Community has been asking for due process of law regarding the contamination left by years of Asarco secret-toxic waste burning ....  will Grupo Mexico get "due process" while the Court ignores this community and ignores its evidence??  

Google News Alert for: asarco

Grupo México is Confident Its Reorganization Plan for ASARCO Will ... Business Wire (press release) (AMC), is entitled under applicable US law to retain control of its wholly owned subsidiary ASARCO through the full payment plan offered to creditors on ... See all stories on this topic

"AMC attorney Robert Moore [do a search on his name in the blog's search-engine] presented the company’s final arguments to U.S. Judge Richard Schmidt of the Corpus Christi Bankruptcy Court on Wednesday, arguing that GMEXICO’s offer to pay the ASARCO creditors $2.2 billion in cash represented a full and fair offer, and one that meets the necessary legal obligations to retain ownership of the company. ...“Our view is that we're facing what in my view is a constitutional level issue,” Mr. Moore argued in his closing statement. “It's an issue of due process. It's an issue of unfair taking."