RG Steel Sues To Wind Up Coke Fuel Joint Venture

Law360, New York (January 15, 2013, 5:14 PM EST) -- Bankrupt steel producer RG Steel Wheeling LLC asked a Delaware bankruptcy court Monday to wind up a coke-producing joint venture with a Severstal US Holdings LLC subsidiary, saying it was allegedly strong-armed out of the partnership after it filed for Chapter 11.

Severstal's SNA Carbon LLC unfairly blocked RG Steel from participating in the management of the coke-producing joint venture — Mountain State Carbon LLC — after RG Steel filed for Chapter 11 in May, RG Steel says.

“Using the bankruptcy filing as a pretext, and...
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