Liberty Mutual Hits Construction Co. With $25M Bond Suit

Law360 (November 7, 2019, 10:09 PM EST) -- Liberty Mutual Insurance Co. slammed a construction company with a $25 million suit in California federal court that claimed the insurer helped bail the company out after it allegedly defaulted on contracts for various projects in California.

Liberty Mutual said in Wednesday's complaint that it executed at least $130 million worth of performance and payment bonds on behalf of Contra Costa County, California-based Vila Construction Co. for more than a dozen municipal building and school projects, but that Vila failed to pay certain obligations to laborers and subcontractors involved in the projects.

The insurer said it entered into an indemnity agreement...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!