SDI Settles Class Action Lawsuit
Steel Dynamics Inc., a steel producer headquartered in Fort Wayne, Indiana, has entered into an agreement to settle the direct purchaser class action litigation, Standard Iron Works v. Arcelor Mittal, et al, for $4.6 million. The lawsuit was brought in Chicago federal court in 2008 by a class of direct steel purchasers, alleging that the company, among other steel producers, had participated in …