High Court Won't Hear $88.9M Arch Insurance Dispute

Law360, New York (June 14, 2010, 12:47 PM EDT) -- The U.S. Supreme Court has refused to hear an appeal of an $88.9 million judgment awarded to Arch Insurance Co. for losses sustained on a series of indemnification bonds issued to Douglas Asphalt Co., which defaulted on a number of construction projects with the Georgia Department of Transportation.

The Supreme Court said Monday that it had denied certiorari in the case.

Dorian Britt, an attorney for Douglas, said he was disappointed by the decision.

“I think the court of appeals' decision was clearly wrong,” he said....
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