- Hornbeck Offshore (NYSE:HOS) confirms receipt of a lawsuit from Gulf Island Fabrication (NASDAQ:GIFI) as a result of its previously disclosed terminations of two shipyard construction contracts earlier this year because of GIFI performance issues.
- In the lawsuit, GIFI alleges claims for delay, hindrance, disruption and wrongful termination of the construction contracts; HOS considers the claims to be without merit.
- HOS says it is in discussions with the surety of the shipyard contracts to facilitate the completion of the construction of the vessels at a completion yard under the surety's performance bonds.
Hornbeck Offshore confirms lawsuit from Gulf Island
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Symbol | Last Price | % Chg |
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HOSS | - | - |
Hornbeck Offshore Services, Inc. |