Port Authority: We're suing to stop sale to Dubai firm

Newsday.com ^ | 2/13/2006 | KAREN MATTHEWS

[ARCADIA]

NEW YORK -- The Port Authority said Thursday it will file suit to block a Dubai-based firm from taking over operations at a Port Newark container terminal, saying the federal government has not given them assurances about security issues.

[Willie Green]

See my comment I just left on this thread.

(((yawn)))

[ARCADIA]

Putting our safety in the hands of unions has already proven to be a mistake

If you are referring to the Civil War then I agree; The Federal government has entrenched itself to deeply in the affairs of the individual states.

[Peach]

Why are you being rude? I was pinged to the thread and I let the pingee know I'd just seen the article.

[mnehring]

Not true. A federal lawsuit will stop the transaction.

A federal lawsuit cannot stop P&O from being acquired by DPI. That is a foreign transaction. The only thing a federal lawsuit can stop is how those companies operate in the US. A foreign purchase of another foreign company is outside US jurisdiction. A court could go so far as to cancel current contracts with P&O for operations, however, P&O or DPI (depending on when the deal closes in relation to any court order) could then take the matter back to court suing to keep existing contracts intact.
You then could have a court issuing an injunction against P&O or DPI, suspending operations in the US until the issue is resolved...

[tomahawk]

If all is as the Administration says, a delay should not matter much and the concerns can be addressed.

We need to take this out of the news and not allow the Dems to build on it to erode Republicans' image on national security.

[jimbo123]

Rush's original argument was that it was a good deal because Dubai had a bunch of shiny skyscrapers and golf courses and we would be really impressed if we went there.

It was interesting that Rush has neglected to mention throughout this whole deal that one of their nationals of this nation of shiny skyscrapers flew a jet into the WTC south tower on 9/11.

[Reaganwuzthebest]

Rush is making himself look like a fool. If this were Clinton trying to pull such a stunt the man would be having heart attacks on the show.

[DJ MacWoW]

Chuckie will take whatever side of a position he can best exploit for Chuckie.

That's true enough. But few base their opinion on what Schmuckie says.

[snowsislander]

Good.

From another story on the same subject:

Mr. Coscia wrote to Homeland Security Secretary Michael Chertoff asking for details about how the federal government determined it was safe to allow Dubai Ports World, a state-run firm out of the United Arab Emirates, to buy a British company now doing business at the terminal.

And from another story:

At the mention of the Bush administration's approval of the sale of port operations to a Dubai-based company, longshoremen, truck drivers, mechanics and waitresses gushed with harsh words.

"Horrendous. Scary and horrendous," said Tom DiDomenico, a longshoreman from East Hanover, uttering one of the few printable reactions by customers at the Port Eatery on Corbin Street in Newark. "I'm a big Republican and I think Bush has lost his mind."

[Dane]

It was interesting that Rush has neglected to mention throughout this whole deal that one of their nationals of this nation of shiny skyscrapers flew a jet into the WTC south tower on 9/11

As you neglect that the home country(UK) of the company that currently operates the container terminals, gave us richard reid, the shoe bomber.

[Pukin Dog]

There is nothing to worry about because the Port has no standing to prevent or reverse the deal. None whatsoever. Even if they find a sympathetic judge, they wont be able to get past the anti-trust aspect of it all. You cannot prevent one business to do business on the ports and allow others. There is nothing to this, and they will be slapped down hard.

[afnamvet]

Thanks for posting. I've been looking for FACTS since this story surfaced, Could you provide bonified sources for the FACTS? Thanks in advance.

[jess35]

No, that's not the case. We've just researched the issue.

[tomahawk]

I trust Sen. Coburn far more than I trust Pres. Bush.

[Yo-Yo]

Then the Port Authority has the ability to threaten to terminate the leasing agreement if the sale goes through, but how is a New York or New Jersey court going to place an injunction on a British transaction?

[CWOJackson]

The UK is also in the process of turning over some of their own commerical port operations to...DP World.

[MineralMan]

"Rush is making himself look like a fool."

A most difficult job, to be sure....

[jess35]

If you had been looking for facts, you'd have already found them. Really, it's not that difficult.

[BigSkyFreeper]

We can't stop this sale anyway. It's beyond our jurisdiction. This is a sale between two foreign companies.

This lawsuit is about as stupid as that fat woman suing McDonald's because she spilled piping hot coffee in her lap.

[jimbo123]

The Port Authority can revoke their lease because of the lack of due diligence done on the deal by the review committee.