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* On February 22, 2000, B&W filed for Chapter 11 bankruptcy in part as a result of thousands of claims for personal injury due to prolonged exposure to [[asbestos]] and [[asbestos fibers]]. Claims included [[asbestosis]], [[lung cancer]], [[pleural]] and [[peritoneal mesothelioma]]. As a condition of emerging from [[bankruptcy]], B&W created a trust fund to compensate victims for amounts far less than settlements paid in individual personal injury lawsuits.<ref>{{Cite web |url=http://www.thefreelibrary.com/Babcock+%26+Wilcox+Bankruptcy+Reorganization+Bar+Date+Notice+and+Claims...-a067463016 |title=Babcock & Wilcox Bankruptcy Reorganization Bar Date Notice and Claims Process Begins; Includes Apollo and Parks Township, Pennsylvania Nuclear Contamination And Radiation Claims |access-date=2022-01-25 |archive-date=2016-03-13 |archive-url=https://web.archive.org/web/20160313074713/http://www.thefreelibrary.com/Babcock+%26+Wilcox+Bankruptcy+Reorganization+Bar+Date+Notice+and+Claims...-a067463016 |url-status=dead }}</ref><ref>{{Cite web|title=McDermott Announces Bankruptcy Court Action on Babcock & Wilcox's Chapter 11 Plan of Reorganization|url=https://www.mcdermott-investors.com/news/historical-mcdermott-news/historical-mcdermott-news-details/2004/McDermott-Announces-Bankruptcy-Court-Action-on-Babcock--Wilcoxs-Chapter-11-Plan-of-Reorganization/default.aspx|access-date=2021-09-08|website=www.mcdermott-investors.com|language=en-US}}</ref> | * On February 22, 2000, B&W filed for Chapter 11 bankruptcy in part as a result of thousands of claims for personal injury due to prolonged exposure to [[asbestos]] and [[asbestos fibers]]. Claims included [[asbestosis]], [[lung cancer]], [[pleural]] and [[peritoneal mesothelioma]]. As a condition of emerging from [[bankruptcy]], B&W created a trust fund to compensate victims for amounts far less than settlements paid in individual personal injury lawsuits.<ref>{{Cite web |url=http://www.thefreelibrary.com/Babcock+%26+Wilcox+Bankruptcy+Reorganization+Bar+Date+Notice+and+Claims...-a067463016 |title=Babcock & Wilcox Bankruptcy Reorganization Bar Date Notice and Claims Process Begins; Includes Apollo and Parks Township, Pennsylvania Nuclear Contamination And Radiation Claims |access-date=2022-01-25 |archive-date=2016-03-13 |archive-url=https://web.archive.org/web/20160313074713/http://www.thefreelibrary.com/Babcock+%26+Wilcox+Bankruptcy+Reorganization+Bar+Date+Notice+and+Claims...-a067463016 |url-status=dead }}</ref><ref>{{Cite web|title=McDermott Announces Bankruptcy Court Action on Babcock & Wilcox's Chapter 11 Plan of Reorganization|url=https://www.mcdermott-investors.com/news/historical-mcdermott-news/historical-mcdermott-news-details/2004/McDermott-Announces-Bankruptcy-Court-Action-on-Babcock--Wilcoxs-Chapter-11-Plan-of-Reorganization/default.aspx|access-date=2021-09-08|website=www.mcdermott-investors.com|language=en-US}}</ref> | ||
* After B&W emerged from bankruptcy in 2006, B&W and [[BWX Technologies]], both subsidiaries of the McDermott International, Inc., merged on 26 November 2007 to form The Babcock & Wilcox Companies, headed by President John Fees. The old company logo was changed.<ref>{{Cite web|title=Babcock & Wilcox restructures operations : Other News - World Nuclear News|url=https://www.world-nuclear-news.org/industry/Babcock_Wilcox_restructures_operations-281107.shtml|access-date=2021-09-08|website=www.world-nuclear-news.org}}</ref> | * After B&W emerged from bankruptcy in 2006, B&W and [[BWX Technologies]], both subsidiaries of the McDermott International, Inc., merged on 26 November 2007 to form The Babcock & Wilcox Companies, headed by President John Fees. The old company logo was changed.<ref>{{Cite web|title=Babcock & Wilcox restructures operations : Other News - World Nuclear News|url=https://www.world-nuclear-news.org/industry/Babcock_Wilcox_restructures_operations-281107.shtml|access-date=2021-09-08|website=www.world-nuclear-news.org}}</ref> | ||
*On June 10, 2009, B&W unveiled B&W Modular Nuclear Energy, LLC (B&W MNE).<ref>[http://www.ohio.com/news/break_news/47655382.html Babcock & Wilcox plans modular reactor] {{webarchive|url=https://web.archive.org/web/20110615163708/http://www.ohio.com/news/break_news/47655382.html|date=June 15, 2011}}</ref> On the same day, B&W MNE announced its plans to design and develop the [[B&W mPower]] reactor, a modular, scalable nuclear reactor. The B&W mPower reactor design is a 125 megawatt, passively safe Advanced Light Water Reactor (ALWR) (a [[Generation III reactor]]) with a below-ground containment structure.<ref>[http://www.world-nuclear-news.org/NN-BandW_unveils_modular_reactor_design-1006095.html B&W unveils modular nuclear power design]</ref> The reactor is set to be manufactured in a factory, shipped by rail, then buried underground.<ref>{{cite news|last=DiSavino|first=Scott|date=Jun 10, 2009|title=McDermott B&W unit unveils small nuclear reactor|publisher=Reuters|url=https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN1044654820090610|access-date=Jun 10, 2009}}</ref><ref>{{cite news|author=Katherine Ling and GreenWire|date=June 10, 2009|title=Company Calls New Small Nuclear Reactor a 'Game Changer'|work= | *On June 10, 2009, B&W unveiled B&W Modular Nuclear Energy, LLC (B&W MNE).<ref>[http://www.ohio.com/news/break_news/47655382.html Babcock & Wilcox plans modular reactor] {{webarchive|url=https://web.archive.org/web/20110615163708/http://www.ohio.com/news/break_news/47655382.html|date=June 15, 2011}}</ref> On the same day, B&W MNE announced its plans to design and develop the [[B&W mPower]] reactor, a modular, scalable nuclear reactor. The B&W mPower reactor design is a 125 megawatt, passively safe Advanced Light Water Reactor (ALWR) (a [[Generation III reactor]]) with a below-ground containment structure.<ref>[http://www.world-nuclear-news.org/NN-BandW_unveils_modular_reactor_design-1006095.html B&W unveils modular nuclear power design]</ref> The reactor is set to be manufactured in a factory, shipped by rail, then buried underground.<ref>{{cite news|last=DiSavino|first=Scott|date=Jun 10, 2009|title=McDermott B&W unit unveils small nuclear reactor|publisher=Reuters|url=https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN1044654820090610|access-date=Jun 10, 2009}}</ref><ref>{{cite news|author=Katherine Ling and GreenWire|date=June 10, 2009|title=Company Calls New Small Nuclear Reactor a 'Game Changer'|work=The New York Times|url=https://www.nytimes.com/gwire/2009/06/10/10greenwire-company-calls-new-small-nuclear-reactor-a-game-45123.html|access-date=June 10, 2009}}</ref> | ||
* On May 12, 2010, B&W announced that it and its subsidiaries would be spun off from its parent company, McDermott International, Inc.<ref>Gentry, B.:[https://archive.today/20110807085420/http://www2.newsadvance.com/lna/business/local/article/fees_bw_spinoff_aiming_for_june_30_completion/26899/], [[The News & Advance]], May 12, 2010</ref> The headquarters moved from [[Lynchburg, Virginia]] to Charlotte.<ref name="Peralta">{{cite news|url=http://www.charlotteobserver.com/news/business/article23562604.html|title=Babcock & Wilcox approves spinoff, sets split date for July 1 |last=Peralta|first=Katherine|work=[[The Charlotte Observer]]|date=June 9, 2015|access-date=July 3, 2015}}</ref> and the company became The Babcock & Wilcox Company. | * On May 12, 2010, B&W announced that it and its subsidiaries would be spun off from its parent company, McDermott International, Inc.<ref>Gentry, B.:[https://archive.today/20110807085420/http://www2.newsadvance.com/lna/business/local/article/fees_bw_spinoff_aiming_for_june_30_completion/26899/], [[The News & Advance]], May 12, 2010</ref> The headquarters moved from [[Lynchburg, Virginia]] to Charlotte.<ref name="Peralta">{{cite news|url=http://www.charlotteobserver.com/news/business/article23562604.html|title=Babcock & Wilcox approves spinoff, sets split date for July 1 |last=Peralta|first=Katherine|work=[[The Charlotte Observer]]|date=June 9, 2015|access-date=July 3, 2015}}</ref> and the company became The Babcock & Wilcox Company. | ||
* On August 2, 2010, B&W began trading on the [[New York Stock Exchange]] as BWC.<ref>{{cite web | * On August 2, 2010, B&W began trading on the [[New York Stock Exchange]] as BWC.<ref>{{cite web | ||
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