11th Circ. Affirms $88M For Arch Insurance In Bond Suit

Law360, New York (January 19, 2010, 3:34 PM EST) -- A federal appeals court has upheld an $88 million judgment awarded to Arch Insurance Co. for losses sustained on a series of indemnification bonds issued to Douglas Asphalt Co., which defaulted on a number of construction projects with the Georgia Department of Transportation.

U.S. Court of Appeals for the Eleventh Circuit Chief Judge Joel F. Dubina and Circuit Judges Ed Carnes and R. Lanier Anderson unanimously affirmed the original district court judgment, from the U.S. District Court for the Southern District of Georgia, in an unpublished...
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