A risk management group is required to pay $ 2.5 million in connection with improper allegations involving an entrepreneurial dispute, a district court said in a confirmation of a judge's recommendation. unit complex in Portland Oregon, and between 2007 and 2010 contracted and received extensive renovations of many of its buildings, according to a Tuesday decision by the U.S. District Court in Portland Hospitality Management Inc. The same individuals and trusts are owned by Hospitality Management Inc. and Commons.
The Commons, which is not a party to the disputes, sued its main contractor, Tigard, Oregon-based KeyWay Corp. and a roofing according to the decision.
In the underlying lawsuit, KeyWay claimed third-party claims against six companies, including HMI, which performed part of the installation and repair of windows, siding, roof openings and associated components, according to the general inventory claims, according to the decision.
HMI received KeyWay's complaint to its insurer, Risk Retention Group Preferred Contractors Insurance Co., based in Carlsbad, California.
PCIC rejected settlement offers and HMI's demands that PCIC accept them. Five other subcontractors sued by KeyWay eventually settled with Commons, leaving only HMI as the only third-party defendant left for trial, the decision said. It said.
Commons and KeyWay later settled their dispute. According to PCIC, KeyWay or its insurance company paid $ 6.25 million to Commons in addition to what Commons had already received from settling its subcontractors. HMI then sued its insurer, PCIC.
In an order in March, a judge said the HMI has the right to recover $ 2 million for its breach of contract and $ 2.5 million for PCIC's breach of trust. resolve, but resumed PCCI to pay $ 2.5 million, as the two allegations involved alternative legal theories.
This decision was upheld by the district court when they sentenced PCIC to $ 2.5 million.
Lawyers in the case did not respond to requests for comment. Catalog