Navillus reaches agreement with unions to toss $76M judgement

Navillus has reached an agreement with the unions to toss a $76 million judgement against the company, allowing the concrete contractor to exit Chapter 11 bankruptcy. In an order filed in Manhattan Federal Court on Friday, Judge Colleen McMahon signed off on an intention to vacate the the judgement, which plunged Navillus into bankruptcy back in November. The federal court doesn’t yet have jurisdiction to clear the judgement — the case, which is currently before […]

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