Insurer Safeco has won a long-running suit with MES in a dispute over $$8.8mm in three surety bonds issued for construction projects with the US Army Corps of Engineers. Safeco filed a breach of contract suit in 2008 after MES's contract with the Corps was terminated, and Safeco was left with 35.4 in losses. MES filed a counter-suit charging Safeco over various issues including bad faith. The court ruled MES's suit had no grounding, and Safeco was granted double costs.
Insurer Safeco has won a long-running suit with MES in a dispute over $35.4m in three surety bonds issued for construction projects with the US Army Corps of Engineers. Safeco filed a breach of contract suit in 2008 after MES's contract with the Corps was terminated, and Safeco was left with $8.8m in losses. MES filed a counter-suit charging Safeco over various issues including bad faith. The court ruled MES's suit had no grounding, and Safeco was granted double costs.