Travelers Loses Bid For $33M From Bankrupt Builder

Law360, New York (June 9, 2009, 12:00 AM EDT) -- 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...
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