Charah Solutions, Inc. Announces APTIM Litigation and Arbitration Settlement
December 18 2018 - 8:00AM
Business Wire
Charah Solutions, Inc. (NYSE:CHRA) (the “Company”), a leading
provider of environmental and maintenance services to the power
generation industry, announced today that it has reached an
agreement to settle all outstanding litigation and arbitration
claims brought by APTIM Corp.
Financial terms of the settlement were not disclosed. The
settlement amount is within the Company’s previously recorded
reserve for outstanding legal claims accrued in its third quarter
ended September 30, 2018.
Charah Solutions issued the following statement:
“We are pleased to have reached a resolution
to this matter, and look forward to continuing to serve our clients
across the power generation industry as a leading provider of
environmental and maintenance services.”
About Charah Solutions, Inc.
With 30 years of experience, Charah® Solutions, Inc. is a
leading provider of environmental and maintenance services to the
power generation industry, with operations in coal-fired and
nuclear power generation sites across the country. Based in
Louisville, Kentucky, Charah Solutions assists utilities with all
aspects of managing and recycling ash byproducts generated from the
combustion of coal in the production of electricity as well as
routine power plant maintenance and outage services for coal and
nuclear energy providers. The Company also designs and implements
solutions for ash pond management and closure, landfill
construction, fly ash and slag sales, and structural fill projects.
Charah Solutions is the partner of choice for solving customers’
most complex environmental challenges, and as an industry leader in
quality, safety, and compliance, the Company is committed to
reducing greenhouse gas emissions for a cleaner energy future. For
more information, please visit www.charah.com.
MultiSource is a registered trademark of Charah, LLC in the
United States.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of historical facts, included in this press
release that address activities, events or developments that the
Company expects, believes or anticipates will or may occur in the
future are forward-looking statements. These forward-looking
statements may be identified by words such as “may,” “expect,”
“estimate,” “project,” “plan,” “believe,” “intend,” “achievable,”
“anticipate,” “will,” “continue,” “potential,” “should,” “could,”
and other similar words. These statements are based on certain
assumptions made by the Company based on management’s experience
and perception of historical trends, current conditions,
anticipated future developments and other factors believed to be
appropriate. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the Company, which may cause actual results to differ
materially from those implied or expressed by the forward-looking
statements. These risks and uncertainties include, but are not
limited to, those set forth in the Company’s Registration Statement
on Form S-1 filed on June 4, 2018 with the Securities and Exchange
Commission (“SEC”) and in our other reports filed from time to time
with the SEC. There may be other factors of which we are not
currently aware that may affect matters discussed in the
forward-looking statements and may also cause actual results to
differ materially from those discussed.
Any forward-looking statement speaks only as of the date on
which such statement is made and the Company undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20181218005437/en/
Investor ContactCharles W. PriceCharah Solutions,
Inc.(502) 245-1353
Media ContactEd Trissel / Kate Clark / Tim RagonesJoele
Frank, Wilkinson Brimmer Katcher(212) 355-4449
Charah Solutions (NYSE:CHRA)
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