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07.01 - 02:11
U.S. Steel, Nippon move court against Biden blocking $14.9 bln deal
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U.S. Steel and Nippon Steel said on Monday they had filed two lawsuits after U.S.
President Joe Biden blocked the $14.9 billion buyout of the American steelmaker by the Japanese company.
One lawsuit asked a court to set aside Biden's order and the review process by a U.S. government panel.
The second lawsuit is against Cleveland-Cliffs, its CEO Lourenco Goncalves, and USW union President David McCall «for their illegal and coordinated actions» aimed at preventing the deal, U.S.
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