Tutor Perini Statement on Jury's Decision in SR 99 Alaskan Way Viaduct Replacement Project Trial
Tutor Perini Corporation (TPC)
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, released the statement below in reaction to a jury verdict in favor of the plaintiff in the case of Washington State Department of Transportation v. Seattle Tunnel Partners (“STP”) et. al., a trial conducted in the Thurston County District Court in the state of Washington. The trial dealt with various disputed claims related to the SR 99 Alaskan Way Viaduct Replacement Project, which was constructed by STP, a joint venture between the Company and Dragados USA, Inc.Tutor Perini is disappointed with the jury’s decision and will appeal the verdict in this case, which conflicts directly with the findings of an independent Dispute Review Board’s (“DRB”) proceedings that were conducted over the course of the project, including a key finding by the DRB that the steel pipe casing unexpectedly encountered by the tunnel boring machine constituted
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Earnings
- 11/6/24 - Miss
TPC
Sec Filings
- 12/20/24 - Form 4
- 12/9/24 - Form 4
- 11/22/24 - Form 4
- TPC's page on the SEC website