Lawsuits Filed to Block Ports Takeover (by Miami-based company)

[ProSense]

Lawsuits Filed to Block Ports Takeover

By TED BRIDIS, Associated Press Writer
41 minutes ago

Snip...

In England, a U.S. company at the Port of Miami, Eller & Company Inc., filed a court petition Friday also seeking to block the sale. Eller asked the High Court in London, which must approve its purchase of London-based Peninsular & Oriental Steam Navigation Co., to stop the takeover. Miami-based Eller filed a similar lawsuit last week in a Florida court, alleging it will become an "involuntary partner" with Dubai's government and it may seek more than $10 million in damages.

More...

http://news.yahoo.com/s/ap/20060224/ap_on_go_pr_wh/ports_security_100

Port Authority sues over Dubai control of NJ port

Fri Feb 24, 2006 02:20 PM ET

By Jon Hurdle
PHILADELPHIA (Reuters) - The Port Authority of New York and New Jersey filed a lawsuit on Friday to stop a United Arab Emirates company from taking over management of its container terminal at Port Newark in New Jersey.

The authority, jointly owned by the states of New York and New Jersey, argued that the deal under which state-owned Dubai Ports World would take over management from the British company P&O violates the terms of P&O's lease.

more...


http://go.reuters.com/newsArticle.jhtml?type=domesticNews&storyID=11334436&src=rss/domesticNews

[murray hill farm]

1. When do the existing leases with these ports expire?

Is it soon?