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Grupo Mexico to appeal Texas judge’s Asarco ruling

Mexico City-based Grupo Mexico SAB says it will appeal a ruling by a federal judge in Texas ordering the mining conglomerate to pay more than $6 billion in damages to its bankrupt subsidiary Asarco LLC.

The company said it decided Friday to appeal this week’s order from U.S. District Judge Andrew Hanen after company lawyers analyzed it.

Hanen previously found that Americas was liable for a fraudulent transfer in March 2003 of Southern Peru Holdings LLC stock from Asarco. He ordered return of 54 percent of the Southern Peru stock and damages worth about another $1 billion.

Grupo Mexico called the findings contradictory.

Hanen gave Asarco and Grupo Mexico until April 10 to draw up a settlement judgment, which he intends to sign five days later.

Citizen Online Archive, 2006-2009

This archive contains all the stories that appeared on the Tucson Citizen's website from mid-2006 to June 1, 2009.

In 2010, a power surge fried a server that contained all of videos linked to dozens of stories in this archive. Also, a server that contained all of the databases for dozens of stories was accidentally erased, so all of those links are broken as well. However, all of the text and photos that accompanied some stories have been preserved.

For all of the stories that were archived by the Tucson Citizen newspaper's library in a digital archive between 1993 and 2009, go to Morgue Part 2

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