NEW YORK -- Nippon Steel and U.S. Steel filed a lawsuit against U.S. President Joe Biden and other senior administration officials for exercising "unlawful political influence" over the Japanese company's proposed acquisition of U.S. Steel, as well as a separate suit against rival steel company Cleveland-Cliffs, its CEO and the president of the United Steelworkers (USW) labor union.
Business deals
Nippon Steel sues Biden, Cleveland-Cliffs, head of USW union
Japanese steelmaker blames 'unlawful political influence' for scuttling deal
Nippon Steel and U.S. Steel allege U.S. President Joe Biden blocked a proposed buyout as a political favor. (Nikkei montage/Source photos by Yuki Nakao, Mayumi Tsumita and Reuters)
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