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BRIEF-Jacobs Engineering received notice of arbitration from Motiva
January 3, 2017 / 11:27 AM / 9 months ago

BRIEF-Jacobs Engineering received notice of arbitration from Motiva

Jan 3 (Reuters) - Jacobs Engineering Group Inc :

* Jacobs Engineering-Aug 9,2014 received notice of arbitration from motiva seeking monetary relief in excess of $8 billion from bechtel-jacobs cep port Arthur Jv

* Jacobs Engineering- on Dec 30, 2016, arbitral panel in matter issued unanimous decision, which rejected all of motiva’s claims,assigned no liability to bjjv

* Jacobs Engineering Group - bjjv intends to seek confirmation by court of final decision of panel, which may be vacated only on certain narrow grounds Source text bit.ly/2iuchxp Further company coverage:

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