Legal Proceedings
−Removed: As previously disclosed, in February 2018, the Company filed a lawsuit against a customer in the United States District Court for the Western District of Pennsylvania (the “District Court”).
−Removed: The lawsuit was related to a dispute over work performed on a pipeline construction project.
−Removed: On November 21, 2022, the District Court issued a judgment in favor of the Company.
−Removed: On April 17, 2024, the United States Court of Appeals for the Third Circuit (the “Appeals Court”) affirmed the decision of the District Court.
−Removed: In May 2024, the Appeals Court denied petitions for a rehearing.
−Removed: This upheld the award granted by the District Court in November 2022.
−Removed: The Company received an approximately $15.6 million payment related to the lawsuit.
−Removed: The Company recognized the payment in its consolidated financial statements for the third fiscal quarter ended June 30, 2024.
On November 12, 2021, the Company received a withdrawal liability claim from a pension plan to which the Company made pension contributions for union construction employees performing covered work in a particular jurisdiction.
14 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.