Lee Steel Corporation Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On June 25, 2015, an order regarding the motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of Lee Steel Corporation and its affiliates.

The filing was assigned docket number 196 and is described on the court’s official docket as follows:

Order Authorizing The Debtors To (1) Implement A Key Employee Incentive Plan For Certain Non-Insiders And (II) Pay Any Obligations Arising Thereunder As Administrative Expenses. (Related Doc # 156). (ES) (Entered: 06/25/2015)

Lee Steel Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 13, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of Michigan . The case number for the lead bankruptcy case is 15-45784. The bankruptcy case is currently assigned to United States Bankruptcy Judge Marci McIvor. The law firm of McDonald Hopkins LLC is acting as lead bankruptcy counsel to Lee Steel Corporation in the bankruptcy case.


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