A Balrog in the Woodpile?

Tuesday, February 28, 2006
WSJ, today:
WASHINGTON – Behind the furor over the proposed takeover of five U.S. ports by a Dubai-owned company is a small stevedoring outfit caught up in a legal spat with its partner at the Port of Miami, Peninsular & Oriental Steam Navigation Co.

Through two lawsuits in London and Miami, and a flurry of lobbying in Washington since late January, Eller & Co., of Fort Lauderdale, Fla., has become an obstacle for Dubai Ports World's $6.8 billion takeover bid of P&O of London.


That section is subscription required, but the WSJ Law Blog has more:
The Wall Street Journal’s Neil King and Greg Hitt report this morning that the hysteria surrounding the proposed takeover of five U.S. ports by Dubai Ports World has its origins in a lawsuit.

Eller & Co., a small stevedoring firm (the Law Blog enjoys that word so much we would like to write it again — stevedoring) based in Fort Lauderdale, Fla., is engaged in a legal dispute with its partner at the Port of Miami, Peninsular & Oriental Steam Navigation, the company that Dubai Ports World wants to acquire.

2 comments:

Knucklehead said...

Whooda thunk it, Seneca. Lobbying efforts behind all this shrieking. And behind the lobbying, lawyers and businesses. Oh, and unions.

terrye said...

I read something about that somewhere else.