Essar Conglomerate Faces $1 Billion Lawsuit From Minnesota Unit - News Summed Up

Essar Conglomerate Faces $1 Billion Lawsuit From Minnesota Unit


A new lawsuit seeks more than $1 billion in damages from Indian conglomerate Essar Group for alleged misconduct related to a stalled Minnesota iron-ore mine and processing plant. 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. These alleged actions “exacerbated ESML’s...


Source: Wall Street Journal January 11, 2017 22:54 UTC





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