(Update) Nippon Steel, U.S. Steel File Lawsuit against Biden's Order
Tokyo, Jan. 6 (Jiji Press)--Nippon Steel Corp. and United States Steel Corp. said Monday that they have jointly filed a lawsuit in the United States against outgoing U.S. President Joe Biden's order to block the Japanese company's acquisition of its U.S. peer.
The unusual lawsuit challenges "unlawful political influence" and seeks to invalidate the presidential order and the review of the deal by the Committee on Foreign Investment in the United States.
(2025/01/07-00:04)
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