Alstom sues GE for breach of contract

May 25, 2016 3:10 PM

28 0

Alstom sues GE for breach of contract

The French industrial company Alstom SA (ALSO.PA) has filed a U.S. lawsuit accusing General Electric Co (GE.N) of breaching a contract related to the latter's sale of a rail signaling business last November.

In a complaint made public on Tuesday night in the U.S. District Court in Manhattan, Alstom said GE has improperly refused to submit post-closing matters that remain in dispute to Deloitte, a designated independent accounting firm.

Also read: Judge dismisses two Express Scripts claims in Anthem drug pricing lawsuit

Read more

To category page