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A Boca Raton, Fla.-based investment group has filed suit claiming it lost the bidding to purchase a profitable South Carolina steel mill in a bankruptcy auction last year due to a conspiracy between the winning bidder and the creditors' committee. The plaintiff claims that the alleged conspiracy arose because creditors such as South Carolina's main electric company wanted the mill to remain in local hands.
May 29, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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