Franklin Global sues over failed rail scrap deal
Jan 16, 2013 | 04:38 PM
| Lisa Gordon
Tags
rail scrap,
Franklin Global Resources,
Shinjeong Steel & Trading,
Jangsoo Iron & Steel,
Lisa Gordon
PITTSBURGH — Franklin Global Resources has filed a lawsuit over a stalled rail scrap deal with two South Korean steel companies.
The Henderson, Nev.-based commodities trader filed a breach-of-contract lawsuit in Cameron County District Court in Texas against Shinjeong Steel & Trading Co. and its chief executive officer, Sang Don Lee, and Jangsoo Iron & Steel Co. Ltd. and its chief executive officer, Chang Ho Kwun.....
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