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WHEELING, W.Va. (AP) - Steel maker and distributor Esmark Inc. on Friday confirmed the settlement of litigation between its Esmark Steel Service Group subsidiary and Herman Strauss Inc.
| ESMK | 19.15 |  0.02 |
Terms of the settlement were not disclosed.
Esmark said the litigation arose out of a commercial dispute relating to steel scrap purchased by Wheeling-Pittsburgh Steel Corp. from Herman Strauss.
Herman Strauss, a family owned scrap business in Wheeling, W.Va., claimed that it had suffered more than $18 million in losses because of Esmark's illegal interference with a long-standing supply contract.
Esmark shares fell 2 cents to $16.57 in aftermarket trading, after falling 26 cents to $16.59 in the regular session.
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