GE reaches $362.5 million shareholder settlement over power unit

By Yahoo! Finance   |   1 year ago
GE reaches $362.5 million shareholder settlement over power unit

General Electric, operating as GE Aerospace, has agreed to pay $362.5 million in cash to settle a shareholder lawsuit accusing it of concealing risks in its power business. The settlement is pending court approval and involves allegations of misleading disclosures and reliance on factoring.

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