Recent post
Surety vs. Accountant – Pursuing the Principal’s Accountant
June 14, 2022 By Michael Stover, Esq In this Surety Today blog post we will provide a Case Law Note to consider the issue of a surety asserting a claim against the Principal’s accountant for... Read More »
June 14, 2022
Sports Wagering Bonds
June 7, 2022 In this blog post we will discuss the growing sports betting industry and its bonding requirements. First, a little background. In 1992, congress passed the Professional and Amateur Sports Protection Act (“Act”)... Read More »
June 7, 2022
Are Broad Plan Release and Injunction Provisions Legal?
May 31, 2022 By Michael A. Stover, Esq. In this post we will discuss the issue of whether a broad release and injunction in a chapter 11 debtor’s plan of reorganization is legally valid. If you... Read More »
May 31, 2022
The Surety’s Takeover Option – “To The Penal Limit and Beyond?”
May 24, 2022 By Michael A. Stover, Esq. In this Surety Today blog post we will discuss the surety’s Takeover performance option, including the advantages and risks. We will also focus on the biggest potential risk... Read More »
May 24, 2022
New Contract? No Problem! – Unless You’re the Surety
May 17, 2022 In this Surety Today blog post we will provide a Case Law Note to consider the issue of novation and whether a surety that issues a bond for the original contact can... Read More »
May 17, 2022
What Work Is The Right Work For Little Miller and Miller Act Limitations
May 10, 2022 By Michael A. Stover In this Surety Today blog post we will provide a Case Law Note to consider the issue of when limitations begins to run under the Miller Act for a... Read More »
May 10, 2022
Letters of Credit in Bankruptcy
May 3, 2022 By Michael A. Stover and George Bachrach In an earlier blog post, we discussed letters of credit in general. In this post we will focus on the impact of the principal’s bankruptcy on... Read More »
May 3, 2022
Letters of Credit in General
April 26, 2022 By Michael A. Stover Nature, Purpose and History of Letters of Credit Our topic in this post is about Letters of Credit in general. But first, a little side note. There was recently... Read More »
April 26, 2022
Enforcing Your Collateral Demand
April 19, 2022 By Michael A. Stover In a recent blog post on March 15, 2022, titled “Some Thoughts on the Collateral Demand” we discussed the mechanics of making the demand – following the requirements of... Read More »
April 19, 2022
Surety Case Law Note: Eastern District of Virginia Enforces Forum Selection Clause and Orders Intra-Division Transfer
April 12, 2022 By Thomas J. Moran, Esq. In a recent decision by Judge T.S. Ellis, III, of the U.S. District Court for the Eastern District of Virginia, Alexandria Division, the surety on a Miller... Read More »
April 12, 2022
Disclaimer: This blog is not intended to provide legal advice, representation or legal services. It is the intent of the firm and authors that this information provide a general educational and informational framework to consider and evaluate the issues discussed. Given the variations in applicable law and facts, as well as the plethora of other factors that can arise on a case by case basis, it is not possible to provide any concrete or definitive answers for individual, specific circumstances. You should contact your attorney with specific legal needs.