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Mesabi-metallics-part-of-Essar-Group-Wins-Major-Victory-in-Antitrust-Suit-Against-Cleveand-cliffs

In its opinion today, the court ruled that u201cthere is sufficient evidence that permits a reasonable juror to conclude that Cliffsu2019 conduct was anticompetitive. Acquiring key mining property and entering into a long-term exclusive supply agreement with one of the largest customers in the region, coupled with pressuring critical contractors working on Mesabiu2019s project to terminate their relationships with Mesabi, could substantially foreclose Mesabi from the market and exclude competition.u201d<br><br>

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Mesabi-metallics-part-of-Essar-Group-Wins-Major-Victory-in-Antitrust-Suit-Against-Cleveand-cliffs

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  1. Mesabi metallics - part of Essar Group - Wins Major Victory in Antitrust Suit Against Cleveand-cliffs Mesabi Metallics, part of Essar Group, secured a major victory against Cleveland-Cliffs. This ruling allows Mesabi's antitrust claims to proceed to trial.

  2. The Path to Trial Court Confirms Evidence Sufficient evidence of antitrust injury found against Cliffs. Cliffs' Dismissal Denied Request to dismiss Mesabi's antitrust claims rejected. Damages to be Determined Mesabi seeks approximately $1.9 billion in damages.

  3. Cliffs Ruled a Monopolist Mesabi's Motion Granted Monopoly Confirmed Trial Proceeds The court ruled in Mesabi's favor on a separate motion. Cleveland-Cliffs was found to be a monopolist. Mesabi's claims for damages will now go to trial.

  4. Damages and Expert Opinions Expert Opinions Accepted Damages Calculation Jury to Decide Experts calculated damages at about $1.9 billion. The final damages amount will be determined by a jury. Cliffs' request to exclude Mesabi's experts' opinions was rejected.

  5. Anticompetitive Conduct Court's Ruling Allegations Sufficient evidence suggests Cliffs' conduct was anticompetitive. • Acquiring key mining property. • Exclusive supply agreement with a large customer. • Pressuring contractors to terminate Mesabi relationships. This conduct could exclude competition.

  6. Leadership at Essar Capital Jatinder Mehra 50+ Years Experience Strategic Involvement Vice Chairman & Operating Partner of Essar Capital. Guides Essar through transformations and complex projects. Involved in business strategy, investments, and governance.

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