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

  1. 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.

  2. 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.

  3. 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.

  4. April 16, 2019

    Pension Plan Fights To Collect $78.7M Over Renco Pullout

    The Steelworkers Pension Trust has defended a $78.7 million arbitration award stemming from a Renco Group Inc. unit's withdrawal from the multiemployer pension plan, saying Monday that Renco's challenge fails because it can't identify any actual mistakes in the arbitrator's logic.