RG Steel Gets Court Approval For $22M Asset Sale

Law360, Wilmington (August 8, 2012, 7:12 PM EDT) -- RG Steel LLC won Delaware federal court approval Wednesday for the separate sale of two Ohio assets, which will bring a total of $22 million, as the bankrupt steelmaker continues the liquidation of its remaining properties.

No mention was made at Wednesday's hearing about the fate of the company's two marquee assets — steel mills in Sparrows Point, Md., and Warren, Ohio — which had been scheduled to be auctioned Tuesday, and counsel for RG Steel declined to comment on the auction when asked afterward....
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.