WASHINGTON (AP) — Nippon Steel and U.S. Steel filed a federal lawsuit Monday challenging a Biden administration decision to block Nippon’s proposed $15 billion acquisition of the Pittsburgh company and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.
In moving to block the transaction Friday, Biden said U.S. companies producing a large amount of steel need to “keep leading the fight on behalf of America’s national interests,” though Japan, where Nippon is based, is a strong ally.
In separate lawsuits filed Monday in the U.S. Court of Appeals for the District of Columbia and the U.S. District Court for
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