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PRIME EAGLE GROUP LTD. v. STEEL DYNAMICS, INC.

No. 09-1663.

614 F.3d 375 (2010)

PRIME EAGLE GROUP LIMITED, as assignee of the claims of Nakornthai Strip Mill Public Company Limited, Plaintiff-Appellant, v. STEEL DYNAMICS, INC., Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided July 27, 2010.

Attorney(s) appearing for the Case

Gerard A. Riso (argued), Stein Riso Mantel, LLP, New York, NY, for Plaintiff-Appellant.

David Gindler (argued), Irell & Manella LLP, Los Angeles, CA, Cathleen M. Shrader, Barrett & McNagny, Fort Wayne, IN, for Defendant-Appellee.

Before EASTERBROOK, Chief Judge, and MANION and TINDER, Circuit Judges.

EASTERBROOK, Chief Judge.

Nakornthai Strip Mill Public Company Limited began building a new steel mini-mill in Thailand during the 1990s. When the project ran into technical and financial difficulties, it asked Steel Dynamics, a firm with expertise in developing and running steel mini-mills, to lend assistance. Steel Dynamics did so, and it also helped Nakornthai raise capital. The mill was started and seemingly ran productively. But in late 1998 steel prices were...

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