Court in Del. rules against Westinghouse in bid for $2B

Westinghouse Electric Co. was dealt another blow Tuesday when its chances of getting nearly $2 billion for its doomed acquisition of a nuclear construction firm were extinguished by the Delaware Supreme Court.

The Cranberry-based nuclear technology firm is working through a complicated bankruptcy caused in large part by its December 2015 acquisition of Stone & Webster from Chicago Bridge & Iron. For more than a year, Westinghouse has been asserting that it is due $2.15 billion for that deal.

Since 2008, Westinghouse and Stone & Webster had been partners in building the first four new nuclear plants in the U.S. in three decades. The projects are worth tens of billions of dollars and by late 2015, all the major parties involved — Westinghouse, Stone & Webster, and