Amalgamated Titanium Owes More Than It’s Worth, Petition Says

Amalgamated Titanium International Corp. was hit with a Delaware court petition by an investment firm that says the metal maker should be placed into receivership and wound down because it’s refusing to pay a Texas court judgment worth more than its total assets.

ATI, a Delaware corporation based in Cambridge, Mass., makes lightweight titanium for use in firearms, fishing rods, consumer electronics, and the energy industry.

It borrowed $115,000 from Dallas-based Blue Window Capital LLC and failed to repay the loan despite multiple extensions and amendments, according to the receivership petition filed in the Chancery Court.

That ultimately led to ...