Esmark Sued for $540 Million
WHEELING — ArcelorMittal has sued Esmark Inc., the parent company of Wheeling-Pittsburgh Steel Corp., and a joint venture that was trying to buy a Maryland steel plant for $540 million, alleging breach of contract.
Esmark responded today that, although it has not received a copy of the lawsuit, it considers the action “frivolous.”
Meanwhile, Esmark’s filings with the Securities and Exchange Commission this week continue to tie the company to Essar of India.
Esmark had formed a joint venture called E2 in 2007 to mount a bid for ArcelorMittal’s Sparrows Point plant near Baltimore. Esmark intended to eventually merge the steel plant with Wheeling-Pittsburgh Steel Corp. and its steel service centers.
Esmark had been chosen by the U.S. Department of Justice as the bid winner for the Sparrows Point plant, which ArcelorMittal was selling to satisfy an antitrust decree.
However, Esmark’s $1.35 billion bid for the steel mill unraveled in December, shortly after Esmark completed its nearly two-year battle to merge with Wheeling-Pitt.
The Justice Department then put the Maryland plant out for bid again, with Russia’s Severstal the winner. Severstal and ArcelorMittal inked an $810 million cash deal that closed Wednesday.
Vehicular Homicide Charge Filed
ST. CLAIRSVILLE—The driver of a car that police said struck and killed a 23-year-old St. Clairsville woman last month was indicted on a charge of aggravated vehicular homicide.
W.Va. Soldiers Can Vote By Fax; E-Mail May Be Added
WHEELING — While swabbing the deck at sea, returning enemy fire in downtown Baghdad or catching some shut-eye in a rolling Humvee, finding time to also vote may fall off a soldier’s to-do list.
» Full StoryAmish Woman Sues Sheriff, Claims Kidnapping
An Amish woman who claims she was kidnapped by Jefferson County Sheriff Fred Abdalla in a conspiracy with her former husband has filed a lawsuit against the sheriff, the county commissioners and members of her husband’s family.
» Full StorySteelers Owner Brings Support For Obama to Wheeling
WHEELING — For Pittsburgh Steelers owner Dan Rooney, the Democratic presidential primary in West Virginia is down to the two-minute warning. And he appeared with Obama supporters at the Salsa Cafe in Wheeling Thursday to take U.S. Sen.
» Full StoryWVDOH Removes Signs
WHEELING — Several Ohio County political candidates may have noticed that many of their campaign signs are missing. The West Virginia Division of Highways removed several signs Thursday that had been located within state rights of way.
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