What do ENRON and Asarco have in common?

Attorneys for the ENRON case are getting the Honest Services provision of the mail & wire fraud act re-visited by the U.S. Supreme Court -- to be decided this spring. 


September 21, 2002

Lawyer Proves a Thorn for Enron's Partners

By DAVID BARBOZA

"Citigroup [Asarco Principle Bondholder] and J. P. Morgan [Asarco had a "$450 million Revolving Credit Agreement with J.P. Morgan Chase & Co."] have been accused by members of Congress and a variety of lawyers of helping Enron disguise billions of dollars worth of debt by creating special-purpose entities offshore with names like Mahonia, which was based in the Isle of Jersey in the English Channel, and Delta, based in the Cayman Islands." [We know that there is a Swiss Bank called "Asarco A.G." (Asarco S.A., Asarco Inc.).]
http://www.alston.com/neal_batson/

"R. Neal Batson is special counsel to Alston & Bird.....was appointed by the United States Department of Justice to serve as the Examiner for Enron Corp. and was authorized to investigate various aspects of the company."

neal.batson@alston.com

[Fwd: TCEQ News Release--Trustee Named for ASARCO remediation]

-------- Original Message --------

Subject:	TCEQ News Release--Trustee Named for ASARCO remediation
Date:	Mon, 23 Nov 2009 13:45:29 -0600 (CST)
From:	Texas Commission on Environmental Quality <tceq@service.govdelivery.com>

You are subscribed to News Releases for Texas Commission on Environmental Quality. This information has recently been updated, and is now available. Or, see text below.

FOR IMMEDIATE RELEASE                              
CONTACT: ANDREA MORROW
PHONE: 512-239-5011 / PAGER: 512-896-

TRUSTEE NAMED FOR ASARCO EL PASO REMEDIATION  
Project Navigator will manage clean-up

“I am pleased to announce the appointment of Project Navigator, represented by Roberto Puga, as the custodial trustee for remediation activities at the ASARCO–El Paso site,” said Mark Vickery, executive director of the Texas Commission on Environmental Quality. “This highly respected and experienced firm will work with the TCEQ to advance toward closure of the site.”

On Nov. 13, the United States District Court for the Southern District of Texas in Corpus Christi issued an order confirming the plan of reorganization and implementing the settlement. 

On either Dec. 11 or 14, the effective date of the plan, ASARCO will place $52,080,000 in an environmental custodial trust to address remedial activities. Funds totaling $52 million will be used at the El Paso site and the remainder will fund clean up at another non-operating site in Amarillo. 

For the latest information on the clean-up plans and progress, see: http://www.tceq.state.tx.us/remediation/sites/asarco.html.

 

 

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