Nippon Steel and US Steel have filed two lawsuits in the US alleging “wrongful interference” after the proposed $15bn combination between the steelmakers was blocked by President Joe Biden just days earlier.
In a statement on Monday, the companies said that the first suit asked for Biden’s decision to be set aside because of “unlawful political interference” in the process.
The second suit was filed against rival steel producer Cleveland-Cliffs, its chief executive Lourenco Goncalves and United Steelworkers president David McCall, alleging “illegal and co-ordinated actions aimed at preventing the transaction”.
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