August 16 2011 "Fifth Circuit on Tuesday affirmed a bankruptcy court ruling ... bidders for mining company Asarco LLC's major asset ...to be reimbursed"

"5th Circ. Backs Payment Of Asarco Auction Costs

By Dan Rivoli

Law360, New York (August 16, 2011) -- The Fifth Circuit on Tuesday affirmed a bankruptcy court ruling that allowed bidders for mining company Asarco LLC's major asset — a $1.4 billion judgment related to a wrongful stock transfer — to be reimbursed for the legal costs required to analyze the transaction.

The appeals court said the bankruptcy court correctly authorized the reimbursement to auction bidders, finding that there was no clear error in its decision.

The judgment, Asarco's most substantial asset, was the result of an adversary proceeding over the wrongful transfer of..."

http://www.law360.com/bankruptcy/articles/265348/5th-circ-backs-payment-of-asarco-auction-costs

"Grupo Unit Appeals $1.4B Ruling In Asarco Case" 20090722

"Grupo Unit Appeals $1.4B Ruling In Asarco Case

By Tina Peng

Law360, New York (July 22, 2009) -- A unit of mining giant Grupo Mexico SAB is appealing a ruling that it is on the hook for $1.38 billion in cash and a stake in lucrative Peruvian copper operations to Asarco LLC, in a case alleging Grupo fraudulently shifted the shares, tipping Asarco into bankruptcy.

Grupo subsidiary Americas Mining Corp. on Monday filed notice in the U.S. District Court for the Southern District of Texas that it was appealing the case's final judgment to the U.S. Court of Appeals for the Fifth Circuit, the..."

http://www.law360.com/bankruptcy/articles/112581/grupo-unit-appeals-1-4b-ruling-in-asarco-case