AK Steel Appeals Injunction Freezing Benefit Cuts

Law360, New York (February 2, 2010, 1:57 PM EST) -- AK Steel Corp. is appealing a preliminary injunction that prohibits the company from making any further retiree health benefit reductions until a putative class action brought under the Employee Retirement Income Security Act has been resolved.

On Monday, AK Steel filed a notice of appeal with the U.S. District Court for the Southern District of Ohio, saying it was challenging the decision to the U.S. Court of Appeals for the Sixth Circuit.

The district court on Friday enjoined AK Steel from effecting any further benefit reductions...
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