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United States Fidelity & Guaranty Company (“USF&G”) and American Home Assurance Company (“AHAC”) (collectively, “Plaintiffs” or the “Sureties”), bring this motion under Rule 56 of the Federal Rules of Civil Procedure against Sequip Participacoes, S.A. (“Sequip”), Industrias Verolme-Ishibras, S.A. (“IVI”), IVI International, Ltd., S.A., Sade Vigesa, S.A., and S.V. Engenharia, S.A. (collectively, “Defendants”), seeking summary judgment on indemnification claims pursuant to two indemnity agreements executed by Defendants or their affiliates in favor of the Sureties. Judgments have been entered against the Sureties on three bonds they issued as co-sureties on behalf of Defendants or their affiliates to secure contracts involving the construction of oil and gas production facilities, known as the P-19 and P-31 Projects. On a fourth bond issued by USF&G in favor of Sade Corporation of America (“Sade America”) to secure a contract for the construction of container cranes in the Port of New Orleans, USF&G has satisfied an American Arbitration Association award rendered against it and incurred losses on other claims lodged against it.

The parties have consented to trial before me, pursuant to 28 U.S.C. 636(c). For the reasons that follow, Plaintiffs’ motion for summary judgment is granted.

 
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