SoRec suit vs. broker seeks to recover losses

Nov 21, 2013 | 04:59 PM | Lisa Gordon

Tags  scrap metal, copper wire, European Metal Recycling, Southern Recycling, SoRec, Gibbs International, Lisa Gordon

PITTSBURGH — A European Metal Recycling Ltd. subsidiary and its insurance company are suing a broker in an effort to recover losses incurred in importing scrap metal containers that arrived in Dallas filled with debris.

Southern Recycling LLC (SoRec) filed the lawsuit in U.S. District Court in South Carolina against Gibbs International Inc., Spartanburg, S.C., which acted as broker to procure copper scrap from Regent Phoenix Imports & Exports, which was storing the material at a warehouse near....

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