In an apparent case of first impression, a federal judge in Pittsburgh has predicted that neither the Pennsylvania nor the Ohio supreme courts would hold a surety to a fiduciary standard or allow a bad-faith tort claim to proceed when there is a valid contract between the parties.
The practical result of the ruling in Reginella Construction v. Travelers Casualty and Surety Co. of America is that the claims from Pittsburgh-based Reginella that conduct of Travelers cost it nearly $16 million are dismissed.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
