Algernon Blair, Inc. v. Atlantic Steel Placing Co.

ORDER

EDENFIELD, District Judge.

Atlantic Steel Placing Company, Inc. (Atlantic Steel), a steel erecting firm, negotiated four subcontracts with four separate general contractors for the erection of steel. Two were in the state of Virginia, one in West Virginia, and one in Georgia. The general contractor for the Georgia job was Algernon Blair, Inc. Atlantic Steel was required to post separate payment and performance bonds in connection with each of these contracts, and in order to induce Transamerica Insurance Company (Transamerica) to execute these bonds as surety, Atlantic Steel executed an…