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June 29, 2017

Court blocks $2B nuclear plant suit

WILMINGTON, Del. (AP) — A Delaware court has reversed a decision that would have let Westinghouse Electric Co. try to recoup about $2 billion from a business partner over cost overruns at nuclear plant projects in Georgia and South Carolina.

Toshiba-owned Westinghouse has been mired in a dispute linked to its 2015 acquisition of Stone & Webster from Chicago Bridge & Iron. Westinghouse has sought $2.15 billion from Chicago Bridge over what it calls misleading financial statements.


 
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