Judicial Council of California Issues Opinion in First American Title Insurance Vs Arkesh Ventures and Kaushik Banerjee Case insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
ADVERTISEMENT
ADVERTISEMENT Subcontractor Seeks Release From $5.7M Construction Bond
Law360 (March 15, 2021, 9:04 PM EDT) 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.
South Carolina-based Acadian Steel Inc. sued its surety, American Contractors Indemnity Co., Friday in Hawaii federal court in response to a demand made under the bond by the contractor on the project, Nan Inc., which is not a defendant in the suit.
Acadian said the 25-month time frame in which the bond could ve been enforced closed late last year and that an effort.