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A suit has been filed in Toronto, ON, alleging that Atlas Specialty Steels, a subsidiary of Slater Stainless Corp., failed to pay agreed amounts to former employees under their severance agreements. The employees who comprise the class were terminated between August 1, 2000 and September 17, 2001 and were to receive amounts owing under these severance agreements, including portions of surplus of the Slater Stainless Corp. Pension Plan for Salaried Employees as part of their terminations.

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