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A previous investigation by MedCity News found that ElectrifAi was touting an improperly-developed algorithm during the earliest phase of the Covid-19 pandemic, with both the company and CEO defendants in an employment discrimination lawsuit. A year later, lawsuits are piling up as more former employees complain that the company and CEO lied about its AI capabilities and business.
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Liberty Steel has said it is looking to sell some of its steel plants, including its prominent Stocksbridge plant, which employs about 750 staff.
It follows meetings over the weekend between boss Sanjeev Gupta and Credit Suisse, which lost over £1billion when Liberty Steel s main backer - Greensill Capital - collapsed in March.
The Swiss investment bank has initiated wind-up orders against the company but has now agreed to suspend court proceedings to allow the financially struggling Liberty to pursue the sale of its plants.
Liberty Steel will also sell its Pressing Solutions and Aluminium Technologies businesses
Liberty said offloading the companies would enable it to refinance and restructure the business and allow it to concentrate more on its Rotherham operations, which recycles old steel and employs around 660 people.
Liberty Steel announces sale of aerospace steel arm dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.