5th Circ. Affirms Hanover's $570K Award Against Developers

By Hope Patti · January 13, 2023, 3:09 PM EST

Three land developers cannot offset a $570,000 judgment awarded to Hanover Insurance Co. for outstanding contract balances, the Fifth Circuit ruled, affirming a lower court's holding that liquidated damages clauses in...

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Case Information

Case Title

Hanover Ins v. Binnacle Development

Case Number

21-40662

Court

Appellate - 5th Circuit

Nature of Suit

4190 Other Contract Actions

Date Filed

September 16, 2021