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…
Foster Wheeler AG says that, in October 2008, a liability award (over final payment for services in connection with two power plants in Eastern Europe) by an arbitration panel in the Company’s favor was received.
The award includes amounts that are…
A lawsuit seeking to void certain contracts and filed by Foster Wheeler AG’s project subsidiary, Camden County Energy Recovery Associates, LP (CCERA) against the Pollution Control Finance Authority of Camden County (PCFA) and other parties is ongoing in New Jersey.
CCERA…