mar 29, 2016 - Toshiba's Westinghouse filed for Chapter 11 bankruptcy

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Toshiba's Westinghouse filed for Chapter 11 bankruptcy

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Overwhelmed by the costs of construction, Westinghouse filed for bankruptcy on March 29, while its corporate parent, Japan’s Toshiba Corp, is close to financial ruin [L3N1HI4SD]. It has said that controls at Westinghouse were “insufficient.”

https://www.reuters.com/article/us-toshiba-accounting-westinghouse-nucle/how-two-cutting-edge-u-s-nuclear-projects-bankrupted-westinghouse-idUSKBN17Y0CQ

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