Westinghouse Agrees To Litigate Merger Fight During Ch. 11

Law360, New York (April 26, 2017, 8:05 PM EDT) -- Bankrupt nuclear energy giant Westinghouse Electric Co. LLC told a New York federal court Tuesday it has agreed to lift the automatic stay protections of its Chapter 11 case to finish resolving a $2 billion legal dispute in Delaware over its 2015 purchase of Chicago Bridge & Iron Co. NV’s nuclear construction business.

Westinghouse, the nuclear energy arm of Toshiba Corp., agreed to modify its litigation shield to resolve a pending case in front of the Delaware Supreme Court and a related auditor dispute resolution procedure...
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