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Thursday, December 31, 2009

Jim Walter sues over Turkish debt

"Jim Walter sues over Turkish debt
By Russell Hubbard -- The Birmingham News
December 31, 2009, 9:24AM

The operator of underground coal mines in Tuscaloosa County says in a lawsuit it is owed $89.3 million by a steel mill in Turkey. The civil suit, filed in U.S. District Court in Birmingham, says a Turkish steelmaker called Erdemir refused to accept delivery of the last four shipments of an eightshipment contract."

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