Environmentalists Want Stay Exception For RG Steel Appeal

Law360, Wilmington (June 25, 2012, 8:29 PM EDT) -- Environmental advocates asked a Delaware bankruptcy judge on Friday to allow an appeal to go forward of a federal court decision that trimmed RG Steel LLC's obligations to monitor contamination at its Sparrows Point, Md., steel mill.

The Chesapeake Bay Foundation Inc., Blue Water Baltimore Inc. and several individuals filed a motion to modify the automatic stay in RG Steel's bankruptcy case to pursue the appeal to the Fourth Circuit, saying the appeal qualifies for the "police powers exception" provided for in the Bankruptcy Code....
To view the full article, register now.