August 28, 2007 - Okin & Adams recently assisted our client Newmont (USA), Ltd. and its wholly owned subsidiary, Resurrection Mining Company, in settling numerous, long-standing disputes related to the California Gulch Superfund Site near Leadville, Colorado. This settlement of more the $200 million in claims was reached as part of the environmental claim estimation process which is underway in the United States Bankruptcy Court for the Southern District of Texas in Corpus Christi in the ASARCO, LLC bankruptcy case.

United States Bankruptcy Judge Richard S. Schmidt entered findings of fact and an order approving this monumental settlement on August 28, 2007. Bankruptcy Court approval was the final hurdle in the bankruptcy case. The settlement between Resurrection/Newmont and the government must now be finalized through the entry of a consent decree in United States District Court in Colorado. Once the consent decree is entered later this year, our clients will have achieved what one of the lawyers representing a class of creditors in the bankruptcy described as "a remarkable settlement of an extremely complicated situation."

Since 1956, ASARCO and Resurrection had been parties to a joint venture for the development and mining of ore in and around Leadville, Colorado. In addition, both had been involved...
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If you are interested in reading the Bankruptcy Court's full findings, you may read them here.

May 29, 2007-Announcing the formation of the new boutique law firm of Okin & Adams LLP. Matthew S. Okin and Chris Adams have joined together to create a law firm capable of assisting businesses of all sizes with most of the legal, financial and strategic challenges they frequently face.

Since founding The Law Office of Matthew S. Okin in September of 2006, Matthew S. Okin has successfully built his own law practice dedicated to advising clients on commercial litigation, bankruptcy, corporate restructuring and asset purchases and sales. Prior to forming his own firm, Mr. Okin spent 14 years at two of the largest and most prestigious law firms in the country-Akin Gump Strauss Hauer & Feld LLP and Vinson & Elkins LLP.

Chris Adams joins Okin & Adams from the law firm of Bracewell & Giuliani LLP. Prior to joining Bracewell & Giuliani, Mr. Adams also practiced law at Sheinfeld, Maley & Kay and Akin Gump Strauss Hauer & Feld LLP. While practicing law at these firms, Mr. Adams represented large publicly traded corporations as well as privately held companies in numerous bankruptcy matters throughout Texas and across the nation. He has been named a "Texas Rising Star" in surveys conducted by Texas Monthly magazine from 2005-2007.