Acadian Steel, Inc. v. American Contractors Indemnity Company
Case Number:
1:21-cv-00131
Court:
Nature of Suit:
Judge:
Firms
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June 16, 2022
Tokio Marine Unit Notches $4M Win On Construction Bond
A Hawaii federal judge granted summary judgment to a Tokio Marine unit on its $4 million breach of contract claim against a subcontractor that refused to pay out under a surety bond, finding that the subcontractor forfeited its main line of defense by failing to post collateral.
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March 15, 2021
Subcontractor Seeks Release From $5.7M Construction Bond
A former subcontractor on a Hawaii highway construction project sued a Tokio Marine unit in that state's federal court over a $5.65 million performance bond, saying the contractor involved missed its window to try and enforce the instrument.