Accountants May Be Held Liable to Surety’s Indemnitors
Arbramo v. Teal, Becker & Chiaramonte, CPA’s, P.C. 2011 WL 4592830 (NDNY , Sept 30, 2011) Abramo and two others (the “Indemnitors”) along with Steven Shaw, the… Read more »
Surety Not Discharged by Owner’s Cross-withholding Payment to Dept of Labor
Mount Vernon City School District v. Nova Casualty Company 2010 WL 4807548 (2d Dep’t, Nov 23, 2010)The School District entered into a contract with DJH Mechanical to… Read more »
Surety’s Damages/Liability to Owner Explained
Comprehensive Care Management Corp v. Utica Mutual Ins. Co. 2011 WL 6338907 (Supreme Ct, Suffolk County; Dec 15, 2011) On this private project the owner, Comprehensive Care,… Read more »
Surety Liable for Attorney Fees of $4 million Awarded in Arbitration
Hicks & Warren LLC v. Liberty Mutual Insurance Co. 2011 WL 2436703 ( SDNY, June 16, 2011) In this case, Hicks & Warren (“HW”) contracted with a… Read more »
Surety Discharged Due to Material Alteration
Federal Insurance Co. v. Turner Construction Co. 2011 WL 1214582 (SDNY March 29, 2011) Federal Insurance issued a performance bond on behalf of Pile Foundation Construction Co.,… Read more »