Court rules against Westinghouse in nuclear acquisition deal | Pittsburgh Post-Gazette

Court rules against Westinghouse in nuclear acquisition deal | Pittsburgh Post-Gazette: "The so-called liability bar — all of the ways in which Westinghouse released Chicago Bridge & Iron from responsibility and liability in its purchase contract — was unusual in its breadth, the justices said. But it protects the construction company from what the court said were Westinghouse’s efforts to essentially renegotiate the purchase contract.

This matter ended up in court after CB&I feared Westinghouse would try to use the true-up process, which is to be overseen by an auditor, to make these claims and sought a court judgment that the nuclear firm shouldn’t be allowed to do so. Although a lower court sided with Westinghouse, Tuesday’s verdict means Westinghouse can now seek only $70 million from CB&I"



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