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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. November 19, 2014

    RG Steel Forges Deal To Cut $84M Linde Claim By Half

    RG Steel LLC asked a Delaware bankruptcy judge late Tuesday to greenlight a deal it struck with industrial gas supplier Linde LLC that cuts its $83.7 million in claims nearly in half and reduces the debtor's administrative liabilities in an attempt to provide some recovery for unsecured creditors.

  2. October 02, 2014

    Bankrupt RG Steel To Recoup $3M In Pact With Insurer

    RG Steel LLC asked a Delaware bankruptcy judge on Thursday to bless a deal that would see the defunct steelmaker recoup more than $3 million currently held as collateral for insurance policies issued by the National Union Fire Insurance Company of Pittsburgh.

  3. August 02, 2013

    RG Steel To Settle With EPA For $20M In Allowed Claims

    A Delaware bankruptcy judge gave his stamp of approval Friday to a settlement between RG Steel LLC and the U.S. Environmental Protection Agency that will see the regulator have nearly $20 million in allowed claims stemming from alleged civil penalties at several of the defunct steelmaker's former facilities.

  4. May 30, 2013

    RG Steel Creditors Argue For Right To Sue Renco Chief

    RG Steel LLC's creditors committee should be allowed to sue Ira Rennert — the billionaire owner and chairman of parent Renco Group Inc.— and the defunct steelmaker's chief executive for allegedly exacerbating the company's demise, a Delaware bankruptcy judge heard Thursday.

  5. March 29, 2013

    Wells Fargo Says RG Steel Creditors' Suit Doesn't Hold Up

    Wells Fargo Capital Finance LLC knocked RG Steel LLC's unsecured creditors Friday for their renewed bid to sue Ira Rennert, the billionaire owner and chairman of the defunct steelmaker's parent The Renco Group Inc., saying the new suit asserts baseless accusations against the bank.

  6. March 07, 2013

    RG Steel Sets Framework For $100M In Clawback Suits

    Bankrupt RG Steel LLC and creditors hammered out a mediation framework in Delaware bankruptcy court Thursday designed to handle the hundreds of suits launched by the defunct steelmaker in an attempt to claw back more than $100 million in alleged preferential payments.

  7. February 25, 2013

    RG Steel Creditors Relaunch Plan To Tackle Renco Chief

    RG Steel LLC's unsecured creditors renewed their bid Friday to sue Ira Rennert — the billionaire owner and chairman of Renco Group Inc., the defunct steelmaker's parent — and expanded the proposed lawsuit to target RG Steel's chief executive as well.

  8. February 01, 2013

    RG Steel Creditors Scrap Plan To Tackle Renco Chief

    The unsecured creditors committee of RG Steel LLC on Friday backed off its plan to sue the billionaire chairman of parent Renco Group Inc. for allegedly breaching his fiduciary duties while the steelmaker spiraled into Chapter 11, a move that comes just two weeks after it sought leave to do so.

  9. January 18, 2013

    Bankrupt RG Steel's Creditors Take Aim At Renco Chief

    RG Steel LLC's unsecured creditors asked a Delaware bankruptcy judge Thursday for permission to sue Ira Rennert — the billionaire chairman of Renco Group Inc., the defunct steelmaker's parent — for allegedly breaching his fiduciary duties to the company as it descended into bankruptcy.

  10. January 15, 2013

    RG Steel Sues To Wind Up Coke Fuel Joint Venture

    Bankrupt steel producer RG Steel Wheeling LLC asked a Delaware bankruptcy court Monday to wind up a coke-producing joint venture with a Severstal US Holdings LLC subsidiary, saying it was allegedly strong-armed out of the partnership after it filed for Chapter 11.

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