Large Firms
Nov. 18, 2009
Copper Giant Ends Bankruptcy
A lawyer at Milbank Tweed in Los Angeles helped to guide Asarco LLC, a subsidiary of Grupo Mexico out of Chapter 11.
Daily Journal Staff Writer
Four years after forcing its American copper subsidiary Asarco LLC into Chapter 11 bankruptcy, Grupo Mexico can regain control of the company, a U.S. District Judge ruled Friday.
Judge Andrew S. Hanen in Brownsville, Texas, confirmed Grupo Mexico's plan to pay $2.2 billion to Asarco's creditors and resume control of the Tuscon-based company. The deal, previously recommended for a...
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