Not a nice way to start the week if the reports are correct.
Babcock & Brown sued over wind-turbine movesApril 14, 2009 - 6:40AM A unit of Mitsubishi Heavy Industries, Japan's largest heavy-machinery maker, sued partner Babcock & Brown Infrastructure Group's US unit seeking payments under wind-turbine contracts worth $US1.4 billion ($1.9 billion).
Mitsubishi, based in Tokyo, is asking a judge to prevent the unit of Sydney-based Babcock & Brown Infrastructure Group from transferring assets to avoid the payments, according to papers filed April 9 in Delaware Chancery Court in Wilmington
BBI Price at posting:
6.5¢ Sentiment: LT Buy Disclosure: Held