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greasemonkeyshoes

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greasemonkeyshoes

Re: None

Wednesday, 01/11/2017 10:54:57 PM

Wednesday, January 11, 2017 10:54:57 PM

Post# of 8671
Final death blow in BK?
http://www.wsj.com/articles/essar-conglomerate-faces-1-billion-lawsuit-from-minnesota-unit-1484175212
"The lawsuit, filed Wednesday by Essar Steel Minnesota LLC in its chapter 11 case, outlines “a myriad of damaging actions” parent company Essar Global Fund Ltd. allegedly took with respect to the subsidiary."
ps-ESM suppose to shed/consolidate liability and focuses on a quick comeback with its "viable assets",not more and more litigations and lock horns with everyone(including its 1st lien holders),is this the last nail in the coffin?? I believe BK judge had enough and ready to pull the plug on this decade old financial mess.
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