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RG Steel owner Renco sued over 1,350 pensions

Federal agency files $97 million lawsuit

February 1, 2013
By CASEY JUNKINS - Special to the Tribune Chronicle , Tribune Chronicle | TribToday.com

WHEELING, W.Va. - A federal agency believes the Renco Group dumped 24.5 percent of its ownership in RG Steel - prior to the steelmaker's bankruptcy filing - specifically to evade pension obligations to about 1,350 retirees.

 
 

 

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