A federal judge has ordered a defunct South Georgia road-paving company and its two owners to pay an insurance carrier at least $128.9 million for breaching contracts.
U.S. District Court Judge Lisa G. Wood for the Southern District of Georgia on June 29 divided her order involving Douglas Asphalt Co. into two sections. She told the paver to pay nearly $89 million to Arch Insurance Co. of New York to cover expenses that Arch has incurred since 2006, when it began paying Douglas’ bills to subcontractors and suppliers. Douglas couldn’t meet its expenses after the state of Georgia placed Douglas in default on more than 20 road contracts.
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