Steel Mills
August 11, 2015
Court Decision Will Favor US Steel Canada Pensioners
Written by Sandy Williams
US Steel Canada pensioners have won a court decision that will likely place them at the head of the queue of creditors for the CCAA protected entity.
Lawyers for retired Hamilton steelworkers intervened in a case of Grant Forest Products that entered CCAA protection to avoid bankruptcy. After its assets were sold and divided among creditors, another creditor brought forward a bankruptcy action against the company.
