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AIG Unit Owes $24M For TVA Plant Work, Subcontractor Says

Law360 (October 11, 2018, 3:58 PM EDT) -- A boiler and mechanical subcontractor involved in a project sanctioned by the Tennessee Valley Authority launched a lawsuit in Tennessee federal court Wednesday, claiming a general contractor’s failure to pay under the contract puts an AIG unit on the hook for $24 million.

Sterling Boiler & Mechanical LLC, filing its lawsuit on behalf of the U.S. government, alleges that AIG unit National Union Fire Insurance Company of Pittsburgh, Pa., owes the company for work performed in support of general contractor Riley Power Inc. and secured by a payment bond issued by the insurer.

Riley was tasked with installing an emissions control system...

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Tennessee Middle

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October 10, 2018

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