A Texas insurance company has sued a group of Louisiana businesses, alleging breach of contract.
U.S. Specialty Insurance Company filed a lawsuit April 8 in U.S. District Court of the Eastern District of Louisiana against Creek Services, STS Ventures, 23 South, and Teresa H. Hightower, citing breach of indemnity in a 2014 complaint.
According to the suit, the plaintiff executed an agreement with the three defendant corporations, issuing surety bonds Jan. 7, 2013, and Creek Services defaulted payment of $748,652.00 to a client Sept. 30, 2014. The suit states the bonds had a penal value of more than $2.7 million.
U.S. Specialty Insurance alleges it has had to render payment to several Creek Services’ subcontractors and suppliers, and has furnished documentation itemizing the costs. The complaint further says U.S. Specialty had to retain investigative and other services at additional costs.
The plaintiff claims net losses and fees totaling almost $500,000.
U.S. Specialty seeks restitution of $496,347.36 plus all additional losses, attorney fees, expenses and costs.
It is represented by attorneys H. Bruce Shreves, Jay Kern, Douglass F. Wynne Jr. and Kaile LeBlanc of Simon, Peragine, Smith & Redfearn in New Orleans.
U.S. District Court of the Eastern District of Louisiana case number: 2:15-cv-01279-KDE-MBN.