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NY Contractor Files For Ch. 11 After Losing $76M Case

Law360, New York (November 8, 2017, 10:13 PM EST) -- A major New York construction contractor filed for bankruptcy on Wednesday, weeks after being hit with a $76 million judgment for avoiding paying union fund benefits by doing work under the guise of alter ego companies and mere days after the Second Circuit refused to stay the judgment, according to filings.

Navillus Tile Inc., which does both general contracting and subcontracting, was hit with the $76 million verdict after a seven-day bench trial under U.S. District Judge Colleen McMahon, who found that it owed benefit contributions...
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