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Judge: Lane Owes $79M to I-4 Ultimate Partners Skanska, Granite

Judge: Lane Owes $79M to I-4 Ultimate Partners Skanska, Granite
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Lane, Skanska, Granite Battle in Court Over Florida Interstate 4 Job

The design-builders lost $500 million on the reconstruction job, substantially complete last year. ....

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Lane, Skanska, Granite Head to Trial Over Florida Highway Project Partnership

Lane lawsuit against Skanska subsidiary alleging a fiduciary duty breach, while Skanska and Granite say Lane owes them for its share of project costs. ....

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Lane Construction sues I-4 Ultimate partner Skanska for $132M

Dive Brief:
Lane Construction has filed a lawsuit against Skanska USA Civil Southeast, its joint venture design-build partner on the $2.3 billion I-4 Ultimate project in Orlando, Florida, accusing Skanska of putting an affiliate company s interests before its obligations to the JV. Lane is demanding $132 million plus costs and attorneys fees.
Lane, Skanska and Granite Construction formed the Skanska-Granite-Lane JV to perform design-build work on the I-4 highway improvement project, in which Skanska s corporate affiliate, Skanska Infrastructure Development, has a 50% stake. Lane s complaint, filed in the U.S. District Court in Orlando, claims Skanska, as managing partner of the SGL JV, acted with gross negligence and breached its fiduciary duty by failing to take advantage of an exit option available to the JV as it racked up cost overruns and damages in the hundreds of millions of dollars. According to the lawsuit, the responsibility for losses is apportioned to each JV ....

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