Try our Advanced Search for more refined results

STEELWORKERS PENSION TRUST v. THE RENCO GROUP, INC. et al

  1. December 11, 2019

    Steelworkers Trust Pushes To Collect $17.8M From Renco

    Renco Group Inc. should have to cough up $17.8 million that a trial court said it owes in a suit over pension withdrawal liability now, rather than waiting for the end of appeals of a decision that left Renco on the hook for nearly $100 million, the Steelworkers Pension Trust has told a Pennsylvania federal court.

  2. December 05, 2019

    Pension's $17.8M Renco Penalty Demand Paused For Appeal

    A Pittsburgh federal magistrate judge paused a demand that Renco Group Inc. pay the Steelworkers Pension Trust $17.8 million in fees, costs, penalties and interest Thursday after Renco complained that the trust was demanding payment despite both sides appealing the court's award.

  3. October 25, 2019

    Renco Appeals $79M Award To Pensions Over Steel Mill Sale

    Renco Group Inc. said Friday that it will ask the Third Circuit Court of Appeals to review a ruling that the company owed nearly $79 million to the Steelworkers Pension Trust because an arbitrator found a deal to sell three steel mills was structured so the company could duck its pension withdrawal liabilities.

  4. September 30, 2019

    Steelworkers Pension Fund Gets $96M Over Renco Unit's Sale

    Renco Group Inc. owed the Steelworkers Pension Trust a total of $96.5 million in pension liabilities, interest, penalties and attorney fees after an arbitrator found that a transaction to temporarily bail out three steel mills was structured so the company could duck its pension withdrawal liabilities, a Pennsylvania federal judge said in a pair of rulings on related cases Monday.

  5. February 28, 2019

    Steelworker Pension Wants Renco To Pay $89M Penalty

    The Steelworkers Pension Trust is seeking to make a Renco Group Inc. unit pay a total of $89 million, including double interest plus attorneys fees, as a penalty for its withdrawal from the multiemployer defined benefit pension plan.

  6. December 06, 2018

    Renco Loses Bid To Toss $114M Steelworker Pension Row

    A Pennsylvania federal judge has refused to toss a Steelworkers Pension Trust suit over an alleged $114 million liability stemming from a Renco Group Inc. unit's withdrawal from the multiemployer defined benefit pension plan.