U.S. DOJ Requires Divestiture by Mittal Steel to Preserve Competition in the Tin Mill Products Industry
Client Alert | 1 min read | 02.20.07
On Tuesday, February 20, 2007, the U.S. Department of Justice announced that it will require Mittal Steel Company N.V. to divest its Sparrows Point facility in Maryland to counteract competitive harm resulting from Mittal's recently proposed $33 billion acquisition of Arcelor S.A. According to the DOJ, Mittal's acquisition would have substantially lessened competition in the market for tin mill products in the eastern United States. Therefore, the DOJ's proposed consent decree will require Mittal to divest Dofasco Inc., a Canadian company owned by Arcelor, which the DOJ recognized may not be possible due to Arcelor's placement of legal title of Dofasco into a Dutch foundation in an attempt to defeat Mittal's hostile takeover bid. Thus, the DOJ proposed that if the sale of Dofasco cannot be carried out, then the DOJ will require Mittal to divest its Sparrows Point mill.
Insights
Client Alert | 4 min read | 02.20.26
SCOTUS Holds IEEPA Tariffs Unlawful
On February 20, 2026, the Supreme Court issued a pivotal ruling in Trump v. V.O.S. Selections, negating the President’s ability to impose tariffs under IEEPA. The case stemmed from President Trump’s invocation of IEEPA to levy tariffs on imports from Canada, Mexico, China, and other countries, citing national emergencies. Challengers argued—and the Court agreed—that IEEPA does not delegate tariff authority to the President. The power to tariff is vested in Congress by the Constitution and cannot be delegated to the President absent express authority from Congress.
Client Alert | 7 min read | 02.20.26
Section 5949 Proposed Rule Puts the FAR Council's Chips on the Table
Client Alert | 5 min read | 02.20.26
Trump Administration Pursues MFN Pricing for Prescription Drugs
Client Alert | 4 min read | 02.19.26
Proposed NY Legislation May Mean Potential Criminal Charges for Unlicensed Crypto Firms
