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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