GE Liable For $6.5M Award In St. Croix Refinery Case

Law360, New York (December 3, 2009, 12:43 PM EST) -- General Electric International Inc. is liable under a $6.5 million arbitration award handed to Plant Performance Services International Ltd. in a fight over a contract to build a power recovery system at a Hovensa LLC refinery in St. Croix of the U.S. Virgin Islands, according to a federal judge.

Judge Stephen C. Robinson's ruling, issued Wednesday in the U.S. District Court for the Southern District of New York, said that an arbitration panel acted within its authority when it held the Connecticut-based industrial giant to be...
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