Federal Judge Nixes N.J. Lawsuit Against Ports Deal
Judge Says State Needs To Show Immediate Need For Documents
POSTED: 3:11 pm EST March 1, 2006
UPDATED: 3:38 pm EST March 1, 2006
NEWARK, N.J. -- A federal judge on Wednesday ruled against a request by New Jersey to order an investigation into a United Arab Emirates company's takeover of some U.S. port operations.
U.S. District Judge Jose Linares also said the state will not be privy to documents the company gave to a federal committee reviewing the deal. Linares said the state "needs to show an immediate need for those documents."
The $6.8 billion acquisition would allow Dubai-based DP World to buy major commercial operations at ports in New York, New Jersey, Baltimore, Miami, New Orleans and Philadelphia. Critics of the deal say it could compromise national security.
The Bush administration agreed Sunday to the state-owned company's request for a 45-day investigation of the deal's potential security risks, and Linares said that review should be sufficient.
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