A U.S. federal court has thrown out a Chinese-owned company’s claim that it was denied due process when its purchase of several Oregon wind farms located near a naval installation was blocked by President Barack Obama and the Committee on Foreign Investment in the United States.
Ralls Corp., a company started by two executives of Chinese state-owned heavy-equipment maker Sany Group Co., had planned to install turbines built by Sany in the wind farms. After the president prohibited the deal last year, Ralls sued him and CFIUS, the interagency body which reviews transactions for national security issues and makes recommendations to the president, in an attempt to overturn the decision.
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