NEW ORLEANS – A major construction company is being sued after allegedly mismanaging a series of loans provided by the owners of a new house they were contracted to build.
Anh Lan Vu Savard and Maxime Gerald Joseph Savard filed suit against Estess Contractors LLC and Steven Hunter Estess in the Orleans Parish Civil District Court on Sept. 24.
On Nov. 25, 2013, the plaintiffs contend they entered into a contractual agreement with Estess Contractors LLC to build a new house in the Beverly Knoll Subdivision of Jefferson Parish, located at 807 Ridgewood in Metairie. The residential construction contract allegedly priced the assembly of the new home at $463,500, to be paid in a series of installments. On Feb. 12, 2004, this contract was purportedly recorded in Jefferson Parish and signed by the lead contractor Steven Hunter Estess.
The plaintiffs allegedly executed all their duties under the contract. On June 30, 2014, the petitioners heard from Fifth District Savings Bank, which listed a series of alleged breaches instigated by Estess Contactors, including using the plaintiffs’ loan payments outside of the construction of their property and failing to pay employees involved in a timely manner.
On July 9, 2014, Fifth District Savings Bank allegedly sent a letter to the petitioners detailing even more breaches executed by the defendants such as having an inadequate insurance plan in place.
On July 21, 2014, the plaintiffs say they terminated the residential construction contract with Estess Contractors LLC.
The petitioners are represented by Christopher K. LeMieux and Alexis K. Caughey of Blue Williams LLP.
The case has been assigned to Div. L Chief Judge Kern A. Reese.
Case no. 2014-09367.