Friday, April 19, 2024

Judge won’t end secrecy around U.S. Steel deal

First Published:

[projekktor id=’19117′]

 

A judge has decided he doesn’t have the power to force the release of details of an agreement that led the federal government to drop its lawsuit against U.S. Steel in 2011.

Ottawa approved the takeover of Stelco by U.S. Steel in 2007 in return for promises the company made to maintain production and employment levels at its plants in Hamilton & Nanticoke.

But in less than a year, the company had broken every one of those promises, citing the collapse of world demand for steel.

The government sued U.S. Steel in 2009, but dropped the case in return for more promises. The city of Hamilton, the Steelworkers union and retirees wanted to see details of that deal in order to protect their interests in the company’s current restructuring.

But the judge in the company’s creditor protection case says only the Industry Minister has the authority to release details of the controversial deal — something that James Moore has steadfastly refused to do.

More Top News

Sportsline: Allan Cup Challenge tournament director Don Robertson

VIDEO: Canada's oldest national hockey championship, the Allan Cup Challenge, begins Saturday in Dundas. On April 27, the final will be televised on CHCH...

Hamilton police report 26% increase in hate-related incidents in 2023

Hate in Hamilton is on the rise, according to figures pulled from the city's latest police report. On Friday, the force said it recorded 220...

Gas line struck after stolen car crashes into Hamilton home

A stolen pickup truck crashed into other vehicles then two houses in east Hamilton rupturing their natural gas lines early Friday. Police called on residents...

Niagara police seek missing 54-year-old woman

Niagara police are turning to the public for help locating a missing 54-year-old woman. They say Marni Parliament was last seen on April 9 at...

Fire and suspected Waterdown house explosion causes $1M in damages

A suspected explosion and fire has caused nearly $1 million in severe damages to a home and two vehicles in Waterdown early Friday morning. Hamilton...

Arbitrator awards hospital union in Ontario with 6% wage increase, new benefits

Nearly 65,000 hospital workers across Ontario will be getting a wage increase of six per cent. After signing a solidarity pact last fall, the Ontario...

Sportsline: Allan Cup Challenge tournament director Don Robertson

VIDEO: Canada's oldest national hockey championship, the Allan Cup Challenge, begins Saturday in Dundas. On April 27, the final will be televised on CHCH...