Case Conclusion Date:July 8, 2013
Practice Area:Construction / Development
Outcome:Recovered 92% of all money due to Client on public project with funds insufficient to pay all subcontractors.
Description:Client was owed its entire contract amount for underground boring and laying conduits on public project. General contractor and its surety both defaulted on project and filed for bankruptcy protection. Public entity then held only approximately $1 million in construction funds for approximately $2 million of Stop Notice claims. By timely perfecting client’s Stop Notice claim, we obtained almost full recovery for client whereas subcontractors that failed to perfect Stop Notice claims received only a small recovery.