Law360, New York (December 18, 2013, 5:35 PM EST) -- Japanese subcontractor ACTY sued construction firm TolTest Inc.’s insurance company for nearly $2 million in Michigan federal court Monday over TolTest’s alleged failure to pay ACTY for work it had performed at a United States Air Force facility in Misawa, Japan.
ACTY alleges TolTest failed to pay it $1.9 million for the construction tasks it performed in Misawa, despite having received payment for the prime contract from the Department of Defense.
ACTY is pursuing its claims against TolTest in arbitration but has sued TolTest’s insurer, the...
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.