Accountant To Figure Out Alstom, GE Rail Spat, Judge Rules

Law360, New York (January 10, 2017, 6:02 PM EST) -- A New York federal judge ruled Tuesday that an accounting firm will be in charge of resolving a price adjustment dispute related to Alstom SA’s $800 million purchase of General Electric Co.’s rail signaling business, shooting down GE's bid to send the matter to arbitration.

The impartial accountant will tackle a disagreement between the French rail firm and GE arising from the companies’ pact to tweak the price of the deal after it closed based on the working capital and debt the GE unit possessed. The...
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