Liberty Mutual Sues Contractors Over $50M In Bond Losses

Law360, Houston (March 01, 2013, 8:34 PM ET) -- Liberty Mutual Insurance Co. on Friday launched a suit in Texas federal court, alleging it should be reimbursed by the owners of a bankrupt general contractor, who saddled the insurer with responsibility for completing 37 construction projects at a cost that could exceed $50 million.

The insurer wants Joe C. Ballenger Sr. and his son to make good on an indemnity agreement they signed to convince the insurer to bond the projects on behalf of Ballenger Construction Co., which filed bankruptcy last year. In a December...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers


Case Information

Case Title

Liberty Mutual Insurance Company v. Ballenger, Sr. et al

Case Number



Texas Northern

Nature of Suit

Contract: Other


Jane J Boyle

Date Filed

March 1, 2013


Companies Mentioned

Related Articles