Insurance Co. of North America v. Sullivan
District Court, D. Maryland
1Opinion of the Court
MEMORANDUM OPINION
TITUS, District Judge.
BACKGROUND
On May 8,1984, the District of Columbia (“D.C.”) awarded a contract to Kora & Williams (the “Debtor” or “K & W”) to build the Union Station Bus/Parking Garage and Rail Access Facilities (the “Union Station Contract”). The price of the contract was fixed at $24,850,000.00. Insurance Company of North America (“INA”) was K & W’s surety on this and other unrelated contracts. K & W and INA had previously entered into an Indemnity Agreement in 1981 that required K & W to indemnify INA for certain costs in relation to any bonds on which INA was the…
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