Cuomo Bridge Cost Case Ends in $7.5 Million Settlement (Bloomberg)

Covered by Bloomberg Law

Granite Construction Co. will pay $7.5 million and adopt a series of oversight reforms to end shareholder litigation over claims that its board concealed hundreds of millions in overruns affecting four “mega-projects,” including the Mario Cuomo Bridge across the Hudson River. Morris Kandinov LLP was one of the law firms representing investors.

By MoKa