Japan's Nippon Steel to sue U.S. gov't over decision to block acquisition: media

NAMPA / Xinhua

2025-01-04

TOKYO, Jan. 4 (Xinhua) -- Japan's Nippon Steel Corp. is set to file a lawsuit in response to United States President Joe Biden's decision to block its takeover of U.S. Steel Corp., local media reported Saturday. Nippon Steel and U.S. Steel are expected to claim in court that Biden did not present sufficient evidence to prove the proposed acquisition poses a threat to U.S. national security, and that his decision violates due process under the......

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