April 22, 2024
Westinghouse's wind-down entity won permission Monday to reopen the nuclear energy giant's reorganization case and file an adversary lawsuit against the U.S. Trustee's Office, which, it alleges, overcharged the company by about $5 million in unconstitutional bankruptcy fee increases authorized by Congress in 2017.
March 29, 2019
A New York federal judge has ruled that two customers of South Carolina Electric & Gas Co. can't sue Westinghouse Electric Co. LLC over payments made to finance an abandoned nuclear project, finding that their claims stem from before Westinghouse's Chapter 11 filing and are thus barred by an automatic stay.
January 31, 2019
Fluor Enterprises on Wednesday urged a New York bankruptcy judge not to toss its suit against Westinghouse Electric's Chapter 11 estate over $247 million in allegedly unpaid fees stemming from a pair of nuclear reactor projects, arguing that ample evidence supports its claim to the fees.
November 16, 2018
A New York bankruptcy judge said Friday that Brookfield Business Partners LP and the legal professionals winding down Westinghouse Electric Co.'s Chapter 11 estate need to provide more information before he can rule on a disputed $134 million transferred to Brookfield when it bought the distressed contractor.
September 21, 2018
Engineering and construction giant Fluor Enterprises Inc. on Friday urged a New York bankruptcy court to order Westinghouse Electric to hand over roughly $247 million in allegedly unpaid fees stemming from a pair of nuclear reactor projects, months after the nuclear power company tried to dodge the claims.
June 20, 2018
The lawyers tending to the Chapter 11 estate of Westinghouse Electric filed court papers on Tuesday asking a New York bankruptcy judge to reject $262 million in creditor claims by Fluor Enterprises Inc., saying the nuclear project contractor is seeking unearned work fees stemming from canceled agreements.
May 08, 2018
Westinghouse Electric Co. LLC asked a New York bankruptcy court Monday to let the nuclear power company provide several hundred employees with bonus payments totaling up to $19.6 million if it reaches certain performance milestones, adding that the incentives would help boost its performance.
March 27, 2018
Westinghouse Electric Co. LLC finally clinched its whirlwind reorganization Tuesday, with a New York bankruptcy judge approving the ailing nuclear giant's $10 billion Chapter 11 plan after a few last-minute wrinkles were ironed out in court.
March 19, 2018
Two law firms are battling it out in New York bankruptcy court to see who will lead a proposed class action against Westinghouse Electric on behalf of workers laid off on short notice, with both firms trading barbs and beating their chests in an attempt to muscle out the competition.
March 16, 2018
Georgia Power, co-owner of a nuclear power project whose fate has been intertwined with Westinghouse's bankruptcy, told a New York bankruptcy court on Thursday that proposed Westinghouse reorganization plan language should be revised to reflect that the plant's owners have dibs on up to $57.5 million sitting in a bank account.