ASARCO LLC
ASARCO LLC Wins Liability Phase of Fraudulent Transfer Trial against Grupo Mexico
Published in Biotech Business Week, September 15th, 2008
On August 30, U.S. District Judge Andrew Hanen of Brownsville, Texas issued a 190-page opinion holding that Americas Mining Corporation (AMC), a subsidiary of Grupo Mexico S.A. de C.V., had perpetrated a fraudulent transfer to itself of ASARCO LLC's controlling interest in Southern Peru Copper Corporation (SPCC). The judge ruled that "AMC closed the SPCC transaction with actual intent to hinder or delay some of ASARCO's creditors."
Judge Hanen also found that AMC had an agreement with ASARCO's directors "to abandon their duties to ASARCO and ASARCO's creditors and instead act to structure and accomplish the SPCC transfer, knowing that the transaction as contemplated...
Want to see the full article?
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Biotech Business Week
More Articles from Biotech Business Week
- American Academy of Sleep Medicine
More daytime sleeping predicts less recovery during rehabilitation for older adults - American Heart Association
Stroke incidence declines among Swedish diabetics - BioMed Central
Health of Afghan children jeopardized by family behaviors, not just war - BioMed Central
Nutritional research vindicates diet programs - Canadian Medical Association Journal
Higher anaphylaxis rates after HPV vaccination: CMAJ study - Cell Transplantation Center of Excellence for Aging and Brain Repair
Cardiac cell transplant studies show promise in cardiac tissue repair - More from this issue of Biotech Business Week
NewsRx is Social
Follow us on your favorite social network by clicking on a button below:
Top Medical Newsletters
Awards
Best Health/Healthcare Content, 2012
Best Health/Healthcare Content, 2011
Best e-Business Site, 2010
Best e-Business Site, 2009
Best e-Business Site, 2008
Best e-Business Site, 2007
Best e-Business Site, 2006
Best Healthcare Content, 2005
Best Overall Internet Site, 2005
Best Interactive Site, 2005
Facts & Stats
NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.
- Google 2010 PageRank: #2 Among Top Health News and Media Publications
- Google 2010 PageRank: #2 Among Top Science Publications in Biology/Physiology
- Google 2010 PageRank: #2 Among Top News and Media for the Business of Pharmaceuticals
- Amazon's Alexa 2010 PageRank: #2 News and Media Site for the Pharmaceutical Industry
