Corrected: Focus on Quality of Earnings at SPX
TheStreet.com corrects its errors.
A Dec. 13 column,
Focus on Quality of Earnings at SPX, has been corrected. First, a reference to SPX's 10-Q in the second paragraph has been deleted. Second, Weil McLain, a division of
SPX
(SPW:NYSE), was a defendant in an asbestos-related lawsuit, since settled in New York County Supreme Court. There never was a verdict on liability; as to damages, the verdict was collective, and did not ascribe a damages amount specifically to Weil McLain. Since the defendants in this case settled the case before any determination of liability was made by the jury, calling it a "case that was lost" was incorrect.
TheStreet.com regrets the error.
