Asarco Bankruptcy - From FRN June 12, 2008 - Among other things, the Settlement Agreement provides that the United States, the State of Texas and the Encycle Trustee will receive a combined allowed general unsecured claim against ASARCO LLC in the amount of $10 million. Proceeds distributed on account of that allowed claim must be used by the Encycle Trustee to perform RCRA closure and corrective action requirements at the Encycle Facility pursuant to the terms of the Consent Decree and other work required under applicable environmental law at the Site. Encycle contractor reported project complete as of August 10, 2012, after walk through with EPA and TCEQ on July 17, 2012.
CK 8/15/2025.