Legal Opinion
Federalpha Steel LLC Creditors' Trust v. Federal Pipe & Steel Corp. (In Re Federalpha Steel LLC)
United States Bankruptcy Court, N.D. Illinois
Decided May 31, 2006No. 19-04981PublishedCited by 20 opinions
1Opinion of the Court
MEMORANDUM OPINION
A. BENJAMIN GOLDGAR, Bankruptcy Judge.
In May 2002, Federal Pipe & Steel Corporation and Alpha Steel Corporation jointly formed Federalpha Steel LLC to run three steel service centers. Federal-pha rapidly ran into financial trouble. In mid-2003, Russel Metals, Inc. acquired Federal Pipe’s parent company. On reviewing Federal Pipe’s financial condition, Russel Metals concluded that the liability posed by Federalpha was too great: Federal Pipe had to withdraw from Federal-pha before Federalpha ended up in bankruptcy. On October 30, 2003, Federal Pipe did withdraw, securing a…
2Cases cited55 opinions
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- Harold Pinker, Individually and on Behalf of All Others Similarly Situated v. Roche Holdings Ltd. Harold PinkerCourt of Appeals for the Third Circuit · 2002
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3Cited by20 opinions
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