Defunct Scrap Metal Co. Committed No Fraud, Court Affirms

By Hannah Meisel (June 22, 2017, 9:01 PM EDT) -- An Illinois federal judge on Wednesday largely affirmed a bankruptcy court's ruling that officers of defunct Chicago-based metal recycling company Keywell LLC broke no laws on the path to declaring bankruptcy, but did reverse the lower court's ruling forcing Keywell to equitably subordinate loans made to it when the company was on the brink of going under....

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