Ideal Electronic Security Co. v. International Fidelity Insurance

Opinion for the Court filed by Chief Judge HARRY T. EDWARDS.

HARRY T. EDWARDS, Chief Judge:

This case involves a claim under an indemnity agreement by a surety company, appel-lee International Fidelity Insurance Co. (“IFIC” or “surety”), against the holders of a payment bond, appellants Ideal Electronic Security Co., Inc., et al. (“Ideal”). Upon securing the payment bond, Ideal agreed to indemnify IFIC against any losses or expenses, including attorney’s fees incurred to defend against claims arising under the bond. In this case, IFIC seeks recovery of attorney’s fees incurred by the surety in…