Thursday, May 03, 2007

Ostrava looks to sue Mittal Steel

The city of Ostrava, north Moravia, is preparing to sue the Czech Republic’s largest steel producer, Mittal Steel Ostrava (MSO), over 114,650 shares the city sold back to the company in 2004.

If filed, the suit will be the third in a series of lawsuits brought against MSO by its former minor stockholders, who say MSO bought their shares back for less than their actual value, MSO spokeswoman Jana Dronská said.

Link to full Story at Prague online


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