NJ broker files two suits vs. two metal firms

Apr 19, 2012 | 02:39 PM | Lisa Gordon

Tags  heavy melting scrap, Global Metals Scrap, SMI-Metalx, LK Trading, Lisa Gordon

PITTSBURGH — New Jersey scrap broker Global Metal Scrap Inc. has filed two lawsuits against metal companies: one over a deal gone wrong and the other involving payment for steel that it claims was never delivered.

The Marlboro, N.J.-based company filed a breach-of-contract and unjust-enrichment lawsuit against SMI-Metalx USA LLC of Orland Park, Ill., in U.S. District Court in New Jersey. It is seeking $76,534, alleging that SMI sold deficient scrap in one transaction and didn’t deliver the material at all in a second.....

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