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PBGC Says RG Steel Parent Hid Deal To Duck $97M Bill

By Andrew Scurria ( January 29, 2013, 7:50 PM EST) -- The Pension Benefit Guaranty Corp. slammed private investment company Renco Group Ltd. with a lawsuit on Monday in New York federal court, claiming it lied about its plans to sell a stake in now-bankrupt RG Steel LLC to a private equity firm in order to duck $97 million in pension liabilities....

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