Westinghouse Wants Chancery To Ax $2B Nuclear Plant Suit

Law360, Wilmington (September 6, 2016, 6:47 PM EDT) -- Westinghouse Electric Co. LLC has asked Delaware’s Chancery Court to toss a challenge to its claim for a more-than $2 billion adjustment in its favor on the purchase of Chicago Bridge & Iron’s nuclear plant construction business, saying the deal requires out-of-court, independent auditing or arbitration.

In a Friday motion for judgment on pleadings or dismissal, Westinghouse said “clear, express” provisions of the purchase agreement for the nuclear construction subsidiary, CB&I Stone & Webster Inc., call for non-court resolution of disputes over purchase terms and amounts, including requirements to assure $1.2 billion working capital balance for the subsidiary upon sale....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS