U.S. Steel and Nippon Steel sue the Biden admin and others, challenging a block on their $15B merger.

U.S. Steel and Nippon Steel have filed a lawsuit against the Biden administration, the United Steelworkers union, and Cleveland-Cliffs, challenging the decision to block their proposed $15 billion merger. The companies argue that the administration's intervention was politically motivated and violated their rights. The lawsuit seeks to nullify the decision and claims that the merger would have strengthened the steel industry. Cleveland-Cliffs and the union have criticized the lawsuit as an attempt to scapegoat others for the failed deal.

3 months ago
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