(Reuters) – A federal judge temporarily blocked the U.S. Department of Defense from restricting U.S. investment in Chinese smartphone maker Xiaomi (OTC:) Corp, Bloomberg reported on Friday.
The Defense Department, under the Trump administration in mid-January, added Xiaomi and eight other firms to a list that requires American investors to divest their holdings in the firms by a deadline.
Xiaomi in late January filed a complaint in a Washington court seeking to be removed from the list.
U.S. District Judge Rudolph Contreras on Friday put a temporary halt to the ban for Xiaomi, the report said.
Contreras said Xiaomi was likely to win a full reversal of the ban as the litigation unfolds, the report added https://bloom.bg/38zRbY1.
Xiaomi and the Defense Department did not immediately respond to Reuters’ requests for comment.
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