Contractors Want Coal Plant's Stay Lifted For Arbitration

Law360, Wilmington (September 19, 2013, 5:07 PM EDT) -- Contractors involved in a long-running dispute with Longview Power LLC over its troubled $2 billion coal plant urged a Delaware bankruptcy judge Wednesday to let them resume ongoing arbitration and stop the company from drawing on $59 million in disputed letters of credit.

In separate filings, Siemens Energy Inc., Foster Wheeler North America Corp. and Kvaerner North American Construction Inc. asked the court to lift the automatic stay so they can continue arbitration aimed at resolving a host of issues stemming from the construction of the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.