By Jeannie O’Sullivan (September 29, 2021, 6:03 p.m. EDT) – A Minnesota mining company pleaded with the Third Circuit on Wednesday to find that a Delaware bankruptcy court had jurisdiction over its fight against the fee offer a financial adviser, arguing Wednesday that the case stems directly from the Chapter 11 affair of his predecessor.
In oral argument, attorney for Mesabi Metallics Co. LLC, Joshua A. Berman of White & Case LLP, told the court that Mesabi’s challenge to the legal action against B. Riley & Co. LLC is a “basic proceeding” relating to the jointly administered bankruptcy of Essar Steel Minnesota LLC and its parent company.
“It is because the specific law that we are discussing arises …
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