T.P.K. Construction Corp. v. Southern American Insurance
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
ROBERT P. PATTERSON, JR., District Judge.
Plaintiff, a New York corporation with principal place of business in New Jersey, brings this diversity action to recover losses allegedly caused by the rejection of its bid for construction contracts with the City of New York because bid bonds issued by defendant South American Insurance Company (SAIC) “did not comply with the IPB [Information for Bidders prepared by the City of New York] and were a nullity as a matter of law.” Am.Comp. at 4, 1114 (May 9, 1990). This is a motion by plaintiff to require SAIC to deposit security in…
2Cases cited2 opinions
- Comprehensive Foot Care Group v. Lincoln National LifeCivil Court of the City of New York · 1987
- Arnold Chait, Ltd. v. La Metropolitana, Compania Nacional De SegurosNew York Supreme Court · 1960
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