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Home / Opinion Digests / Business Law / Contract – Payment Bond – Damages – Prejudgment Interest (access required)

Contract – Payment Bond – Damages – Prejudgment Interest (access required)

An Alexandria U.S. District Court will not set aside a $1.8 million verdict for a subcontractor against a payment surety, but the court does amend the judgment to provide for prejudgment interest not from the Jan. 18, 2007, date set by the jury, but from Oct. 20, 2009, when the sub made its first demand ...

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