1st Circ. Revives Fraudster Builder’s Puerto Rico Suit

Law360, New York (October 26, 2011, 4:36 PM EDT) -- The First Circuit on Tuesday partially revived a suit accusing Puerto Rican highway and building authorities of breaking contracts by retroactively penalizing a construction company that had pled guilty to fraud, saying that a lower court should not have refused jurisdiction over local law claims.

Redondo Construction Corp., which pled guilty in 1999 to making false statements related to a construction project funded by the Federal Highway Administration, sued the Puerto Rico Highway and Transportation Authority and the Puerto Rico Public Buildings Authority for retroactively applying...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.