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BRIEF-Tutor Perini says received $37 mln cash settlement payment

June 6 Tutor Perini Corp:

* Tutor Perini Corp - received $37 million cash settlement payment agreed to in settlement agreement with Merrill Lynch, Pierce, Fenner & Smith Incorporated​

* Tutor Perini Corp - ‍expects to evaluate impact of settlement, net of provision for income taxes, on its current 2017 eps guidance of $2.10 to $2.40​

* Tutor Perini Corp - ‍will recognize settlement as a gain in q2 of 2017 - sec filing​

* Tutor Perini Corp - on may 31, co entered into settlement agreement with Merrill Lynch, Pierce, Fenner & Smith to resolve pending litigation

* Tutor Perini Corp - litigation, which was filed by company in 2011, related to purchase by company of certain auction-rate securities from Bofa Source text - bit.ly/2sAYisy Further company coverage:

我们的标准: 汤森路透“信任原则

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