litigation
confidence high
sentiment positive
materiality 0.65
Energy Services of America receives $15.6M payment from pipeline lawsuit award
Energy Services of America CORP
- District Court judgment in favor of company affirmed by Third Circuit; rehearing denied in May 2024.
- Suit originally filed Feb 2018 over work performed on a pipeline construction project.
- Company received approx $15.6 million payment related to the lawsuit.
- Payment to be recognized in Q3 fiscal quarter ending June 30, 2024.