Nippon Steel says it's suing Biden admin for blocking US Steel acquisition
foxbusiness.comU.S. Steel and Nippon Steel have announced they are filing joint lawsuits against the U.S. government and others following President Biden's move to block the deal. FOX Business' Lydia Hu with more.
Nippon Steel and U.S. Steel have filed a lawsuit challenging the Biden administration's order to block the nearly $15 billion deal for the Japanese company to buy the American steelmaker.
The lawsuit, filed in the U.S. Court of Appeals for the District of Columbia Circuit, asks the court to set aside the Committee on Foreign Investment in the U.S. and Biden's order blocking the sale.
President Biden blocked Nippon Steel Corps' multi-billion takeover of United States Steel Corp. (Justin Merriman/Bloomberg via Getty Images / Getty Images)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
This is a breaking new story; check back for updates.
Read more on foxbusiness.com
