March 18, 2015

Esmark Sues Slovakian Businessman

Esmark Europe BV, Bouchard Group and Bouchard Group Europe have filed suit against Peter Kamarás alleging the Slovakian businessman sabotaged the company’s efforts to acquire Serbia’s Železara Smederevo Steel Works. The suit, filed in U.S. District Court in Pennsylvania, accuses Kamarás of breach of contract, tortious interference, misuses of confidential information, unfair competition, commercial disparagement and other claims, all part of a campaign to undermine Esmark Europe’s bid to privatize the mill.

In its complaint, Esmark Europe asserts that Kamarás, throughout the process, aligned himself as an investor and agent with Esmark Europe to gain its confidential information, while simultaneously undermining the company’s bid to privatize the mill for personal gain. Esmark Europe, Bouchard Group Europe and Bouchard Group seek more than $100 million in damages, plus punitive damages.


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Monday, December 11, 2017