Case Result
$272,730
Surety Law
2018
Towson, MD
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Case Details
Surety successfully argued that a School District breached the bond by improperly releasing $1,238,493 in retainage without the surety's consent, after the surety had paid $272,730 in payment bond claims.
Additional Notes
The School District released $1,238,493 in retainage, leaving only $100,000, despite the contract requiring consent of surety. The court found this a material breach, affirming the surety's cause of action for breach of bond.
More Results from Wright, Constable & SkeenThe results shown are not necessarily representative of all results obtained by this firm.
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