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Private Equity Firm, Steel Co. Say Fraud Suit 'Ignores Reality'

By Leslie A. Pappas (May 2, 2023, 5:46 PM EDT) -- Private equity firm Black Diamond Capital Management LLC and steel pipe manufacturer PTC Liberty Tubulars LLC denied Tuesday that they owed an Indiana steel company $7.35 million for unpaid deliveries, arguing at a Delaware Chancery Court hearing that the debts belonged to a company that no longer exists....

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