Lawsuits bid to halt takeover of US ports by Arab company

TWO lawsuits have been filed in a bid to stop the $6.8 billion (€5.7bn) takeover of significant operations at six major US ports by an Arab company.

The lawsuits were filed yesterday in New Jersey and London.

The owner of Port Newark filed a lawsuit in New Jersey to block the sale, citing security concerns. The Port Authority of New York and New Jersey said the deal violates a 30-year lease signed with the authority in 2000.