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Ollila v. Babcock & Wilcox Enterprises, Inc. et al
Case Number:
3:17-cv-00109
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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June 25, 2019
'Distressed' Energy Co. B&W Eyes $19.5M Deal With Investors
Investors suing engineering firm Babcock & Wilcox for allegedly hiding a slew of problems with its renewable energy business asked a North Carolina federal judge Tuesday to sign off on a $19.5 million settlement in the case, saying the company's declining financial health threatens their chances of recovery.
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February 08, 2018
Babcock & Wilcox Must Face Investor Suit, NC Judge Rules
Energy technology and engineering firm Babcock & Wilcox Enterprises Inc. and its top executives must face a proposed class action alleging a slew of problems in the North Carolina-based firm's renewable energy business were kept hidden from investors, a Charlotte federal judge ruled Thursday.