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WP Steel Venture LLC

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Case overview

Case Number:

1:12-bk-11661

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. January 08, 2013

    RG Steel Goes After $100M In Flurry Of Clawback Suits

    The remnants of RG Steel LLC on Monday began unleashing hundreds of lawsuits aimed at clawing back more than $100 million in alleged preferential payments made to creditors immediately prior to the defunct steelmaker's bankruptcy filing.

  2. November 21, 2012

    Judge OKs RG Steel Retention Pay Over Ex-Workers' Outcry

    A Delaware judge on Tuesday gave bankrupt RG Steel LLC permission to pay 21 key employees salaries and health benefits through the end of the year, despite objections from the company's laid-off steelworkers that the payments constituted a "gift."

  3. November 16, 2012

    Union Urges Court To Block RG Steel Employee Payments

    Former RG Steel LLC workers urged the Delaware bankruptcy court Thursday not to greenlight a plan that would pay the bankrupt steel company's remaining 21 employees salaries and benefits through the end of the year while the former workers "face financial ruin."

  4. November 05, 2012

    Bankrupt RG Steel Secures $4.4M Bid For W.Va. Plant

    RG Steel LLC has received a $4.4 million offer for its facility in Wellsburg, W.Va., one of the defunct steelmaker's last remaining assets, according to a motion filed Friday in Delaware bankruptcy court.

  5. August 23, 2012

    RG Steel's $7M Asset Sale OK'd, But Larger Deal On Hold

    Bankrupt RG Steel LLC got the nod from a Delaware judge Thursday to sell certain assets for $7 million, but the steelmaker will have to wait for approval of a $16 million mill sale still delayed by an objection from a former rival and next-door neighbor.

  6. August 15, 2012

    RG Steel Gets Go-Ahead To Sell Md. Mill For $72.5M

    RG Steel LLC received a Delaware bankruptcy judge's blessing on Wednesday to sell its flagship steel mill in Maryland for $72.5 million, but only after appeasing environmental regulators and squashing a last-minute bid.

  7. August 08, 2012

    RG Steel Gets Court Approval For $22M Asset Sale

    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.

  8. August 03, 2012

    Bankrupt RG Steel Sells Ohio Plant For $20M

    Bankrupt RG Steel LLC has sold its Mingo Junction, Ohio, steel plant to specialty contractor Frontier Industrial Corp. for $20 million, according to a sales agreement made public on Thursday.  

  9. August 02, 2012

    RG Steel Makes $10.5M In Asset Sale, Delays Mill Auction

    Bankrupt RG Steel LLC has secured buyers for a handful of minor assets worth a combined $10.5 million, according to court documents filed Wednesday, while an auction for the company's marquee steel mills in Maryland and Ohio has been delayed until next week.

  10. July 27, 2012

    Ch. 11 Judge Won't Stay RG Steel Unit's Massey Contract Suit

    A Delaware bankruptcy judge on Friday denied Massey Energy Co.'s bid to stay a $31.8 million contract suit brought against it in West Virginia court by a nonbankrupt business partially controlled by debtor RG Steel LLC.

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