Newark Insurance Company v. United States

MADDEN, Judge.

The plaintiff was a surety on performance and payment bonds executed by the Gray Construction Company in connection with contracts to perform construction work for the Government. The con tractor, Gray, assigned to Pioneer Bank and Trust Company the amounts due or to become due to it under its contract with the Government. This assignment was authorized by the Assignment of Claims Act of 1940, as amended, 31 U. S.C.A. 203. The assignee gave the Government and the plaintiff notice in writing of the assignment, the notice to the plaintiff being given on January 13,1956. On January…