Merger

Federal Court Dismisses Controversial Lawsuit Amid $14.9 Billion Steel Merger Drama

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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

"Taft Stettinius Expands Footprint with Strategic Merger, Surpassing 1,200 Lawyers and $1B Revenue"

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CINCINNATI — Taft Stettinius & Hollister is set to expand significantly with its upcoming merger with Morris, Manning & Martin, which will add more than 100 attorneys to its ranks. The announcement was made on Monday, detailing plans for the merger to take effect on December 31. Following the merger, Taft will boast a total of over 1,200 lawyers across 25 offices, as stated in a press release dated August 11. This growth is coupled with a projected combined revenue exceeding $1 billion. The merger represents a strategic move for the Atlanta-based Morris Manning, which … Read more

Investor Alert: Class Action Lawsuit Filed Against Broadmark Realty Capital Following Troubling Merger with Ready Capital

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SAN DIEGO — The law firm Robbins Geller Rudman & Dowd LLP is calling on stockholders of Broadmark Realty Capital Inc. to take action regarding a class action lawsuit following the merger with Ready Capital Corporation. Shareholders who held Broadmark common stock as of the merger date in May 2023 now have until July 28, 2025, to seek designation as lead plaintiff in the case, titled Grant v. Broadmark Realty Capital and filed in the Western District of Washington. This lawsuit accuses Broadmark, Ready Capital, and key executives from both companies, as well as an … Read more

Steel Union Chief Seeks to Dismiss Lawsuit, Defends Speech in U.S. Steel-Nippon Merger Blockade

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Washington, D.C. – As disputes intensify over a blocked multibillion-dollar steel industry deal, David McCall, president of the United Steelworkers union, argues vigorously for the dismissal of litigation instigated by U.S. Steel and Nippon Steel. They claim the lawsuit infringes upon First Amendment freedoms, particularly the union’s right to express its stance on mergers that could adversely affect American workers and national security. At the heart of the contention is President Joe Biden’s decision to halt the $14.9 billion acquisition of U.S. Steel by its industry counterpart, a move that would have infused over $1 … Read more