A New Jersey jury awarded former Holtec International Chief Financial Officer Kevin O’Rourke $2.1 million Oct. 21 after finding the nuclear developer retaliated against him for raising concerns about a draft investment document related to its planned small modular nuclear reactor fleet.

Holtec disputes the finding and says it will appeal.

Kevin O’Rourke

Photo courtesy of Holtec International

The document at the center of the dispute, which included financial projections and identified O’Rourke as its “document sponsor” according to court records , was prepared in 2022 for Hyundai Engineering & Construction, which has since become Holtec’s construction partner for the nuclear work.

O’Rourke alleged he identified statements concerning Holtec’s debt and covenant history, customer concentration, manufacturing facility values, research and development spending and other financial matters that he believed were inaccurate or misleading.…