Nippon Steel and U.S. Steel claim that President Biden's decision to block their merger is a violation of their due process rights, alleging political motivations.
The lawsuit portrays a narrative of interference by Cleveland-Cliffs and its leadership aiming to undermine the Nippon Steel-US Steel transaction to dominate the steel market.
The companies seek expedited judicial handling to prompt a fresh government review of the $14.9 billion merger, indicating a rush for legal resolution.
By seeking legal discovery, Nippon Steel and U.S. Steel aim to uncover communications that they believe will demonstrate improper political influence over the merger evaluation.
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