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Federal Insurance Company v. Turner Construction Company
Case Number:
1:07-cv-11095
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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September 01, 2011
Federal Insurance, Contractor Settle Suit Over $21M Bond
Federal Insurance Co. has reached a settlement with a construction company it sued over a $21 million performance bond for a subcontract on a New York City Economic Development Corp. project, according to a Tuesday filing in federal court.
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March 30, 2011
Insurer Needn't Pay NYC $21M Bond, Judge Says
A New York federal judge ruled Monday that Federal Insurance Co. was relieved of its obligation to pay a $21 million performance bond when the New York City Economic Development Corp. and a contractor materially altered the terms of a subcontract.