Case Result

$1.7M

Surety Law, Government Contracts

2010
Towson, MD

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Case Details

Surety obtained a substantial judgment against the United States for impairment of collateral and improper withholding of contract funds, due to the Navy's failure to follow contract terms and overpay the principal.

Additional Notes

The surety paid over $3 million in excess completion costs and $1 million in liquidated damages. The court awarded the surety $1,375,420.11 for overpayments and $326,700 for improper liquidated damages.

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