Cleveland-Cliffs Burns Harbor LLC v. Boomerang Tube, LLC

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE CLEVELAND-CLIFFS BURNS ) HARBOR LLC, a Delaware limited ) liability company, and ) CLEVELAND-CLIFFS STEEL LLC, ) a Delaware limited liability company, ) ) Plaintiffs, ) ) v. ) C.A. No. 2022-0378-LWW ) BOOMERANG TUBE, LLC, a Delaware ) limited liability company, ) BLACK DIAMOND CAPITAL ) MANAGEMENT, L.L.C., a Delaware ) limited liability company, and ) PTC LIBERTY TUBULARS, LLC, a ) Delaware limited liability company, ) ) Defendants. ) MEMORANDUM OPINION Date Submitted: May 2, 2023 Date Decided: September 5, 2023 Kevin M. Capuzzi & Kate Harmon,…