RG Steel Creditors Withdraw Request to Sue Renco Group Founder

Written by: Sandy Williams

Ira Rennert has been given a reprieve from a potential suit from RG Steel Creditors—at least for now. After seeking court permission to sue the Renco Group founder for deliberately delaying the bankruptcy filing of RG Steel in order to protect his own financial interests, the Official Committee of Unsecured Creditors withdrew their request without explanation on Friday. The request was done “without prejudice,” meaning that it could be brought up again.

Sandy Williams

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