Surety
SURETY LITIGATION
A surety promises to answer for the default of its principal pursuant to the express terms of a surety bond. Surety bonds come in many forms and affect many different industries. The Firm handles matters for many of the world’s leading sureties that issue bonds in commercial matters, and those related to the construction industry, including bid bonds, performance bonds, payment bonds, maintenance bonds, subdivision improvement bonds and license bonds.
The Firm frequently assists our surety clients with the many unique, and often complex, issues that sureties encounter, including:
- Analyzing and responding to default terminations and other performance bond claims
- Prosecuting affirmative construction claims to mitigate surety loss
- Resolving priority disputes with banks, trustees and government agencies
- Defending against fraud and other extra-contractual claims by bond principals, indemnitors and claimants
- Litigating discharge, exoneration and other unique surety defenses
- Defending against payment and license bond claims
- Defending against labor compliance and wage claims
- Aggressively pursuing indemnity and other salvage actions
- Assisting with issues of reorganization and bankruptcy transactions and litigation
- Obtaining preliminary injunctions, pre-judgment writs of attachment, and other remedies
