Securities buys spark Hanna Steel lawsuit vs. Wachovia

Dec 29, 2008 | 08:23 AM | Corinna Petry

Hanna Steel Corp., a Fairfield, Ala.-based manufacturer of mechanical tubing and hollow structural sections, has sued Wachovia Corp. and related companies, alleging the bank steered the company into buying auction rate securities that weren't liquid, or cash equivalents, as required in its credit agreement with the....

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