RG Steel creditors refile suit seeking $238M

Feb 26, 2013 | 04:44 PM | Catherine Ngai

Tags  RG Steel, bankruptcy, creditors, lawsuit, Ira Rennert, Renco Group, Vincent J. Goodwin, Cerberus Capital Management Catherine Ngai

NEW YORK — The creditors of bankrupt steelmaker RG Steel LLC have renewed their quest to collect more than $238 million from RG parent Renco Group Inc.’s chairman, Ira Rennert, and have added the name of former RG chief executive Vincent J. Goodwin as a defendant.

The creditors’ filing asks the court for permission "to commence, prosecute, and settle claims and causes of action against Rennert and Goodwin" for breaching their fiduciary duties to the creditors, as well as against Rennert and Renco "for aiding and abetting Goodwin’s breaches of his fiduciary duties,"....

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