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Groups vying for Ohio's WCI Steel to sum up plans in bankruptcy court.
Knight Ridder/Tribune Business News, October, 2004
By Cynthia Vinarsky, Vindicator, Youngstown, Ohio Knight Ridder/Tribune Business News
Oct. 8--WARREN, Ohio -- Workers at WCI Steel have a few more weeks to wait before the fate of the Warren steelmaker is decided by a U.S. bankruptcy judge in Akron.
After two postponements, final arguments originally set for this week have been rescheduled for 9:30 a.m. Oct. 25 before Judge Marilyn Shea-Stonum.
G. Christopher Meyer, a WCI attorney, said it should take no more than a day for lawyers to sum up the two competing plans for running the company. WCI and its multimillionaire owner Ira Rennert are in competition with a group of bondholders for the right to buy and operate the mill.
Meyer said he can't guess how long it might take...
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