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Primary reason cited for resolution of US Steel & Nippon Steel lawsuit by end of 2025?
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Resolution / Starting Odds
National security grounds • 25%
Political interference • 25%
Economic impact • 25%
Other legal reasons • 25%
Court documents and official statements
Story
US Steel and Nippon Steel File Lawsuits Against Biden, Cleveland-Cliffs Over Blocked $14.9 Billion Merger
Jan 6, 2025, 01:28 PM
Nippon Steel and US Steel have jointly filed two lawsuits against President Joe Biden, challenging last week's decision to block their proposed $14.9 billion merger. The companies allege that the president's order was influenced by unlawful political interference, violating their constitutional rights to due process. The lawsuits also name Cleveland-Cliffs, a rival steelmaker, and its CEO, along with the head of the United Steelworkers union (USW), accusing them of interfering in the transaction. The blocked merger, which would have seen Nippon Steel acquire Pittsburgh-based US Steel, was halted on national security grounds. The companies seek to overturn the president's order and revive the deal.
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Regulatory approval • 25%
Regulatory denial • 25%
Negotiation breakdown • 25%
Market conditions • 25%
Case dismissed • 25%
Settlement reached • 25%
Presidential order upheld • 25%
Presidential order invalidated • 25%
No • 50%
Yes • 50%
Merger abandoned • 25%
Court ruling • 25%
Out-of-court settlement • 25%
Government intervention • 25%
Other • 25%
Economic impact • 25%
Political motivations • 25%
National security concerns • 25%
Merger block upheld • 25%
Merger block overturned • 25%
Settlement reached • 25%
Case dismissed • 25%
Settled • 25%
In favor of Nippon Steel and U.S. Steel • 25%
In favor of the defendants • 25%
Dismissed • 25%
Case dismissed • 25%
U.S. government wins • 25%
Nippon Steel wins • 25%
Settlement reached • 25%
Biden administration wins • 25%
Nippon Steel wins • 25%
Case dismissed • 25%
Settlement reached • 25%
Yes • 50%
No • 50%
Deal withdrawn by Nippon Steel • 25%
Other outcome • 25%
Approved • 25%
Blocked by U.S. government • 25%