Longview Strikes Deal In Row Over $360M In Mechanics Liens

Law360, Wilmington (February 10, 2014, 7:27 PM ET) -- Longview Power LLC came to an agreement Monday with Foster Wheeler North America Corp., one of three contractors the West Virginia power company has been battling over $360 million in mechanics liens, moving it one step closer to exiting bankruptcy.

Details of the settlement — announced to U.S. Bankruptcy Judge Brendan L. Shannon during a telephonic status conference — were not released Monday, but a Foster Wheeler spokesman confirmed the parties had come to an agreement and said it resolves both the dispute in the bankruptcy...
To view the full article, register now.