Texas Court Remands Fight Over Construction Payments

Law360, New York (July 14, 2011, 5:47 PM EDT) -- A Texas state appeals court on Thursday remanded a fight between Constructors & Associates Inc. and First National Bank of Cameron over payment for work the construction company had subcontracted to bankrupt Tedco Electric Inc.

The lower court had ordered Constructors to pay more than $883,000 plus interest to First National, one of Tedco's lenders, for electrical work Tedco had agreed to provide for 10 of Constructors' projects.

But Constructors appealed, saying Tedco defaulted on the subcontracts and the unpaid contract balance was used, along with...
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