Severstal Hits Pipeline Co. With $20M Damage Suit

Law360, New York (June 25, 2009, 12:00 AM EDT) -- Steel company Severstal North America Inc. has launched a lawsuit against Kinder Morgan, claiming that the pipeline and terminal operator has a contractual obligation to repay Severstal for more than $20 million in damages resulting from the collapse of a crane at a steel mill.

The complaint, filed Thursday in the U.S. District Court for the District of Maryland, claims that Kinder Morgan personnel were operating the crane, a so-called bridge crane, at Severstal's Sparrows Point steel mill on the Chesapeake Bay in Baltimore, when high...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.