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Nippon Steel, US Steel allege Biden, CFIUS violated due process to block merger

By Wesley Brown ( February 3, 2025, 23:03 GMT | Insight) -- Nippon Steel and US Steel filed a brief Monday, arguing the constitutionality of their merger being blocked by the Committee on Foreign Investment in the United States and former President Joe Biden before he left office. The companies allege that Biden and CFIUS violated due process, indicating the outcome was prejudged by Biden and the committee acted based on that predetermination. Biden publicly disclosed his opposition to the deal in March 2024.Nippon Steel and US Steel filed a brief Monday, arguing that their merger being blocked by the Committee on Foreign Investment in the United States and former President Joe Biden before he left office was unconstitutional....

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