NEW YORK The creditors of
bankrupt steelmaker RG Steel LLC have withdrawn a challenge
seeking $238 million from Renco Group Inc. and its top
executive, according to a filing in U.S. Bankruptcy Court in
The creditors had filed a
lawsuit last month claiming that RG Steels parent company
and its chairman and chief executive officer, Ira Rennert,
delayed the steelmakers Chapter 11 filing to benefit
amm.com, Jan. 18).
The notice of withdrawal, filed
without prejudice, is a procedural motion, which means the
creditors can refile at any time.
An attorney representing the creditors declined to