Home Trending Stocks Tutor Perini Corporation (TPC) Won An Arbitration And A Task Order

Tutor Perini Corporation (TPC) Won An Arbitration And A Task Order

Tutor Perini Corporation (TPC) commenced the month announcing receiving a partial final arbitration award of nearly $23.6 million against Gary Segal.

Five Star Electric Corporation is a wholly owned subsidiary of Tutor Perini took over by the company in 2011 and Mr. Segal was the former owner as well as President and CEO of that subsidiary company at the time. Among other things, the attributor found Mr. Segal failed in coming up to his employment agreement. He also violated the fiduciary duties imposed by the law while performing the assignment of President and Chief Executive Officer of Five Star.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


The company, being the prevailing party, will also seek recovery of expenses incurred against fees paid to the attorneys and interests paid before and after the decision. The issue is likely to entering its final round of arbitration.

Tutor Perini Corporation is a leading civil, building and specialty construction company and in a late last month announcement it unveiled a task order award of worth $47 million. The Naval Facilities Engineering Command, Pacific Region, has awarded the task order to Black Construction-Tutor Perini JV. The order is for the P-491 Explosive Ordnance Disposal Compound Facilities Project at Naval Base Guam.

The wide-scope project work includes designing and construction of a consolidated operations facility, armory, multipurpose training facility, maintenance faculty and certain other structures. The award is the company’s first task order assigned as an existing multiple-award construction contract of a worth up to $900 million. It is also available for additional future task orders awards through September 2024 in competition bid basis.

The company has recorded the effect of current task order value in its third quarter 2020 figures to the extent of its own share. The company through its joint venture with Black Construction is likely to be completing the project in December 2022.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why Sundial Growers (SNDL) shares have skyrocketed in intraday trading?

Shares of Sundial Growers (SNDL) have been on a skywalk. As of 10:47 AM EST, the seller, and producer of Cannabis products recorded $1.38...

What Caused 35% Pre-Market Surge In electroCore, Inc. (ECOR) Stock Today?

Shares of electroCore, Inc. (ECOR) has been surging strongly in the pre-market session today following an announcement of exclusive distribution agreement in Australia. The...

Zix Corp (ZIXI) Stock Surged 7% After-Hour For What Reason?

The stock of email security solution provider Zix Corp (ZIXI) has added 7.05% to its value in the after-hours trading on Friday. The company...

Apple Inc. (AAPL) Stocks dip but future prospects for the company seem very positive

On Thursday, Apple shares (NASDAQ: AAPL) closed at $120.99 which is 3.5% lower. In the after-hours session, the price further declined by 0.2%.  The...

Tesla Inc. (TSLA): a Game of Thrones, Tweets and Bitcoin

Tesla Inc. (NASDAQ: TSLA) shares plunged by more than 8% when the market closed on Thursday. The news that most significantly impacted this plunge...

Why Sundial Growers (SNDL) shares have skyrocketed in intraday trading?

Shares of Sundial Growers (SNDL) have been on a skywalk. As of 10:47 AM EST, the seller, and producer of Cannabis products recorded $1.38...

Shares of SOS Limited (SOS) are soaring. What’s Going on?

SOS Limited (SOS), an emerging blockchain-based company in China, is soaring in current-market trading after facing a decline of 21% in the previous open...

Aemetis, Inc. (AMTX) Is Up 45%, Is The Stock Surging For Any Reason?

The clean energy firm Aemetis, Inc. (AMTX) has been experiencing a +45.57% increase in its stock price valued at $14.31 as of 12:02 p.m....

Related News

Why Sundial Growers (SNDL) shares have skyrocketed in intraday trading?

Shares of Sundial Growers (SNDL) have been on a skywalk. As of 10:47 AM EST, the seller, and producer of Cannabis products recorded $1.38...

What Caused 35% Pre-Market Surge In electroCore, Inc. (ECOR) Stock Today?

Shares of electroCore, Inc. (ECOR) has been surging strongly in the pre-market session today following an announcement of exclusive distribution agreement in Australia. The...

Zix Corp (ZIXI) Stock Surged 7% After-Hour For What Reason?

The stock of email security solution provider Zix Corp (ZIXI) has added 7.05% to its value in the after-hours trading on Friday. The company...

Apple Inc. (AAPL) Stocks dip but future prospects for the company seem very positive

On Thursday, Apple shares (NASDAQ: AAPL) closed at $120.99 which is 3.5% lower. In the after-hours session, the price further declined by 0.2%.  The...

Tesla Inc. (TSLA): a Game of Thrones, Tweets and Bitcoin

Tesla Inc. (NASDAQ: TSLA) shares plunged by more than 8% when the market closed on Thursday. The news that most significantly impacted this plunge...

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.