Federal Court Dismisses Controversial Lawsuit Amid $14.9 Billion Steel Merger Drama
PITTSBURGH — A federal lawsuit related to the $14.9 billion merger between Japan’s Nippon Steel and U.S. Steel has been dismissed in the Western District Court of Pennsylvania. The dismissal came after both sides filed a notice on September 3, signaling the end of litigation that accused Cleveland-Cliffs and its executives of engaging in anti-competitive practices in the steel industry. The lawsuit, initiated in January 2025, claimed that Cleveland-Cliffs, its CEO Lourenco Goncalves, and the president of the United Steelworkers International, David McCall, conspired to undermine U.S. Steel’s competitive position. The suit alleged that the … Read more