Chancery Upholds Part Of Indiana Steel Co.'s $7M Fraud Suit
By Leslie A. Pappas ( September 5, 2023, 5:00 PM EDT) -- Black Diamond Capital Management LLC escaped a Chancery Court lawsuit Tuesday from an Indiana steel producer that sued it for $7.35 million in unpaid deliveries, but the private equity firm's steel tube manufacturing affiliates must face fraudulent transfer and other claims that a Delaware vice chancellor found "reasonably conceivable."...
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