Reinsured Surety’s $1.8 Million Settlement of Claims Reasonable, Judge Rules



DOCUMENTS
  • Order


CHARLESTON, W. Va. — A West Virginia federal judge has ruled that a reinsured surety reasonably settled claims filed against it and an insured contractor pursuant to performance and payment bonds covering two sewer projects in Charleston, W. Va., rejecting the contractor’s argument that the settlement was unreasonable.

In an April 21 order, Judge John T. Copenhaver Jr. of the U.S. District Court for the Southern District of West Virginia granted the surety and reinsurer’s motion to dismiss the settled claims.

The Sanitary Board of the City of Charleston, W. Va., awarded Tri-State Pipeline Inc. a $9.8 million contract …






UPCOMING CONFERENCES




HarrisMartin's MDL Conference

July 24, 2024 - Portland, ME
The Westin Portland Harborview

MORE DETAILS



HarrisMartin's Mass Tort Settlements Conference - Sponsored by Milestone

June 27, 2024 - Buffalo, NY
The Richardson Hotel Buffalo

MORE DETAILS