Pension trust’s move to block Ormet smelter sale rejected

Jul 24, 2014 | 01:15 PM | Nathan Laliberte

Tags  Ormet, Steelworkers Pension Trust, aluminum, bankruptcy, Neil Gregorio, smelter sale, Niagara Worldwide, Nathan Laliberte

NEW YORK — A bankruptcy court judge has rejected the Steelworkers Pension Trust’s motion to stop the sale of Ormet Corp.’s aluminum smelter in Hannibal, Ohio.

The July 23 ruling by Judge Mary F. Walrath in U.S. Bankruptcy Court in Delaware effectively allows Niagara Worldwide LLC to complete its $25.25-million purchase of the facility.....

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