Hong Kong Utility Sues BlueScope Over Failed Deal

Law360, New York (April 8, 2010, 5:23 PM EDT) -- A Hong Kong utility reportedly sued Australia's BlueScope Steel Ltd. on Thursday, claiming the steel producer engaged in misleading conduct prior to the collapse of a sale of a New Zealand iron sands mining and export facility in 2008.

Cheung Kong Infrastructure Holdings Ltd. filed a complaint in the Federal Court of Australia alleging BlueScope Steel made "misleading and deceptive" statements in the run-up to a proposed sale of the Taharoa Iron Sands Business in New Zealand, which collapsed in late 2008, according to the Sydney...
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