Payment Bonds

Like mechanic’s liens, payment bond rights are powerful but fleeting. Care must be taken to preserve payment bond rights and effectively assert claims. Unlike other areas of our practice, payment bond claims rely heavily on pre-suit correspondence.

Sureties (like any insurance company) are not eager to pay claims. Whenever a surety is required to respond to one or more payment bond claims, the company immediately acts in a defensive manner, employing skilled, experienced counsel in an effort to deny or reduce a claim. Our experienced practitioners have acted as surety counsel and understand the great care with which payment bonds must be handled, and how the initial presentation of a claim can mean the difference between payment within weeks, or after years of protracted litigation. Cognizant of these extremes, we work closely with clients to prepare and complete convincing bond claim packages that improve the likelihood of early resolution and payment.

Massachusetts Lawyers Weekly

  • Labor – Arbitration – Standing
    Where the plaintiff challenged termination of his employment and filed suit when the union refused to seek arbitration on his behalf, the defendant’s motion to dismiss is granted because the terms of the governing collective bargaining agreement do not permit an individual employee to compel arbitration. “The federal judiciary has the responsibility to determine whether […]
  • Damages – Prejudgement interests – Costs
    Where plaintiff claimed that defendants failed to manufacture ice cream for plaintiff’s ice cream sandwiches in accordance with the parties’ agreed-upon specifications and a jury determined that the plaintiff was entitled to $725,000 in damages while one defendant was entitled to recover $271,000 from the plaintiff in quantum meruit, neither party is entitled to pre-judgment […]

Read feed

Latest stock market news from Wall Street – CNNMoney.com

Read feed