United States Fidelity And Guaranty Company v. Braspetro Oil Services Company
369 F.3d 34 | Court of Appeals for the Second Circuit | 2004
Holding Summary
Performance bond sureties are liable under AIA 312 bonds for contractor default despite not reviewing underlying contracts, but liquidated damages and attorney fees awards must be vacated and recalculated.
We find no clear error in any of the District Court's factual findings and no merit in any of the challenges.
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