March 30, 2009

FOSTER WHEELER: Boiler Tube Corrosion Action Resolved on 4Q-2008

COMPANIES: Foster Wheeler AG
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Foster Wheeler AG, during the fourth fiscal quarter of 2008, entered into a settlement with a client over material corrosion that occurred at two power plants the Company designed and built in Ireland.

In 2006, a dispute arose with the client…

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TOPICS: Earnings | Legal Issues, Litigation | Loans & Financing | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US
LOCATIONS: Ireland | New Jersey | United States