Nippon Steel Corporation. Credit: yu_photo/Adobe StockPittsburgh's Reed Smith, K&L Gates Join Fight to Save Nippon Steel-U.S. Steel Merger
Ropes & Gray, Milbank and Wachtell, Lipton, Rosen & Katz all advised on the $14 billion acquisition. They're joined in two federal lawsuits filed in Washington, D.C., and Pittsburgh by attorneys from Reed Smith and K&L Gates as well as Mayer Brown.
January 06, 2025 at 04:24 PM
5 minute read
What You Need to Know
- Attorneys from K&L Gates, Milbank, Reed Smith, Ropes and Gray, and Wachtell Lipton Rosen & Katz are representing Pittsburgh-based U.S. Steel and Japanese steelmaker Nippon Steel Corp. against Ohio-based Cleveland-Cliffs Inc.
- At least one of the plaintiff attorneys, James Weingarten, has significant public sector experience, having come to Milbank from the U.S. Federal Trade Commission.
- The plaintiffs allege that the defendants' actions has stifled competition and innovation in the steel industry in violation of federal law.
Two Wall Street titans and Pittsburgh's two biggest law firms are among the six Am Law 50 firms behind two federal suits filed Monday that aim to salvage Japanese steelmaker Nippon Steel Corp.'s proposed acquisition of Pittsburgh-based U.S. Steel.
Attorneys from K&L Gates, Milbank, Reed Smith, Ropes and Gray, Mayer Brown and Wachtell Lipton Rosen & Katz all have a role in two separate lawsuits the steel-makers filed in the U.S. District Court for the Western District of Pennsylvania and the U.S. Court of Appeals for the District of Columbia Circuit.
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