Judge rejects Grupo Mexico bid to re-assert control over Asarco

Nov 29, 2007 | 08:25 AM | Sean Barry

Grupo Mexico SA de CV has lost another attempt to reclaim control of copper producer Asarco LLC, Tucson, Ariz.

Grupo Mexico had requested that Asarco, which filed for Chapter 11 bankruptcy protection in August 2005, obtain clearance from the Mexican company before entering into any settlements in excess of $10 million. But Judge Richard S. Schmidt of the U.S. Bankruptcy Court for the Southern District of Texas threw out the request.....





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