ArcelorMittal faces EUR 7 billion Acciaierie d'Italia mismanagement lawsuit in Milan court
MT•Related legal disputes
The group is also contesting related Italian insolvency actions; it has an ongoing arbitration against Italy seeking damages above EUR 1.8 billion.
Milan lawsuit over Acciaierie d'Italia claims
ArcelorMittal faces a lawsuit in Milan from Acciaierie d'Italia’s extraordinary commissioners seeking damages of EUR 7 billion, or EUR 3.65 billion alternatively.
The claim alleges mismanagement at Acciaierie d'Italia, including intentional value transfers that contributed to insolvency; multiple former directors are also named.
