Obama sued by Chinese co Ralls over wind project ban
Oct 3, 2012 - US president Barack Obama was legally challenged on Monday by Ralls Corp over his move to ban the Chinese firm's acquisition of four wind power projects in Oregon.
Obama on Friday last week signed an order directing Ralls to dispose of its interest in the projects that are located close to a US naval facility, because of national security concerns. The decision follows a recommendation by the Committee on Foreign Investment in the US (CFIUS) that the president block the transaction.
Delaware-registered Ralls is owned by Chinese nationals and is affiliated with Sany Group, a Chinese construction equipment company that makes wind turbines. The firm filed an amended complaint on Monday, claiming that Obama had acted unlawfully. Ralls initially targeted CFIUS for ordering a suspension of construction at the wind farms.