guaranty corporation

A Japanese firm that once licensed a key product made by Baltimore-based Hedwin Corp. was named the winning bidder in a bankruptcy auction Friday for the manufacturer.

Ten years after employees of Hedwin Corp. bought the company to save their jobs, the Baltimore manufacturer is headed to bankruptcy auction. But the jobs might once again be preserved. That's the intention of the initial bidder.

The executives whom RG Steel's unsecured creditors want to sue for allegedly mismanaging the bankrupt company said in court filings this week that the claims are baseless.

Unsecured creditors in the RG Steel bankruptcy case withdrew Friday their request to sue the company's billionaire founder.

The federal Pension Benefit Guaranty Corp. is suing the Renco Group — parent of bankrupt RG Steel — for $97 million for allegedly "attempting to evade" the steelmaker's pension obligations.

Conduct your own treasure hunt for lost money. Such digging is fast and easy because states and the federal government post information online about inactive bank accounts, forgotten savings bonds and lost pensions.