Iron and Steel Manufacturing
This industry comprises establishments primarily engaged in one or more of the following: (1) direct reduction of iron ore; (2) manufacturing pig iron in molten or solid form; (3) converting pig iron into steel; (4) making steel; (5) making steel and manufacturing shapes (e.g., bar, plate, rod, sheet, strip, wire); (6) making steel and forming pipe and tube; and (7) manufacturing electrometallurgical ferroalloys. Ferroalloys add critical elements, such as silicon and manganese for carbon steel and chromium, vanadium, tungsten, titanium, and molybdenum for low- and high-alloy metals. Ferroalloys include iron-rich alloys and more pure forms of elements added during the steel manufacturing process that alter or improve the characteristics of the metal.
Precision Kidd Acquisition, LLC v. Pass
In merger-related damages case, court upholds damages based on profits lost from key client’s termination of supply agreement with seller company; trial court properly rejected buyer expert’s DCF-based loss analysis which, among other flaws, overstated value of lost contract to seller company.
Proper Damages Measure Is Lost Profits Calculation, Not DCF-Based Loss Analysis
In merger-related damages case, court upholds damages based on profits lost from key client’s termination of supply agreement with seller company; trial court properly rejected buyer expert’s DCF-based loss analysis which, among other flaws, overstated value of lost contract to seller company.
Cox v. Cox
Court confirms appropriateness of applying a 50% marketability discount to the post-marital value of a steel business but not to its premarital valuation, citing the changes in the steel industry and company-specific factors.
Goodwin v. Goodwin
Divorce experts diverged by more than $1 million in valuing steel business, and court adopts the larger value based on thorough expert evidence and compliance with the correct valuation date under applicable law.
In re Valley-Vulcan Mold Co., Debtor
At issue is whether the bankruptcy court erred in admitting expert testimony on matters of valuation.
Solvency Opinions Admissible in Bankruptcy Court
The U.S. Court of Appeals for the 6th Circuit affirmed the bankruptcy court's decision to permit expert testimony regarding the solvency of the debtor on the date of the alleged preferential transfer.
Harper v. Lovelace
At issue is whether or not Caldwell's Board of Directors violated their fiduciary duty to appellants in the course of negotiating the sale of Caldwell to Contech.
Shareholder Dispute Cases
In this case, the court upheld a Chancery Court decision that the board of directors of a company did not violate its fiduciary duty in organizing the sale of the company's stock to a competitor.