Travelers Loses Bid For $33M From Bankrupt Builder

By Julie Zeveloff

Law360, New York (June 09, 2009, 12:00 AM ET) -- A federal judge has rejected Travelers Casualty and Surety Company of America's bid for summary judgment to collect over $33 million in paid and future claims in connection with a bond guaranty issued to the owner of bankrupt Dunmore Homes Inc., finding that the anticipated loss cannot yet be calculated.

Judge Lawrence K. Karlton of the U.S. District Court for the Eastern District of California on Friday denied Travelers' motion for summary judgment in the ongoing suit, which Travelers filed less than two weeks after Dunmore...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles