NEW ORLEANS – A company that handles invoices for a Louisiana company is seeking damages from alleged past-due invoices.
The United States for the use and benefit of Cash Flow Resources LLC filed a lawsuit on March 3 in the U.S District Court for the Eastern District of Louisiana against PCCP Constructors, a joint venture; Kiewit Louisiana Co.; Kiewit Louisiana South Co.; M.R. Pittman Group LLC; Traylor Bros. Inc.; and Travelers Casualty and Surety Co. of America for alleged breach of contract and failure to pay.
According to the complaint, Cash Flow Resources (CFR) is a factoring company that handles invoices and for outside businesses. The plaintiff claims that it entered into an agreement with Magnum Construction Services LLC, wherein Magnum would transfer, sell, and assign certain invoices to it for work performed and materials delivered. Magnum allegedly entered into a subcontract agreement to provide labor and materials to defendant PCCP, which is the registered trade name of defendant Kiewit Louisiana Co. PCCP was a general contractor on a U.S. Army Corps of Engineers project handling canal closures, the suit states.
CFR alleges, per its agreement with Magnum, that it had the rights to the assignment of all present and future accounts of Magnum on this specific project and, if PCCP was or would become indebted to Magnum, all payments which are due were to be sent to CFR. CFR claims that PCCP has failed to pay many invoices, which has totaled $384,503.47. CFR claims that the defendants have repeatedly failed to respond or pay the invoice despite repeated attempts for payment.
The company is now seeking damages for the unpaid invoices, interests on the unpaid invoices, and all attorney fees, penalties, and the costs of the suit as well as any other relief deemed just by the court. CFR is represented by Claire E. Pontier and Jonathan P. Lemann of Couhig Partners LLC in New Orleans.
U.S. District Court for the Eastern District of Louisiana Case number 2:16-cv-01818-JCZ-SS