June 25, 2019
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.
February 08, 2018
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.