Surety
Since 1975, surety companies have relied upon the experts at Gascou Hopkins to resolve complex and high-risk surety matters. Our attorneys augment significant experience litigating surety and fidelity cases in California with important insight relating to the trends and changes in the industry.
Gascou Hopkins defends sureties in negotiations, mediations, arbitration, and litigation in state and federal courts throughout the Western United States (including bankruptcy courts).
Gascou Hopkins’ surety experts have written countless articles for organizations such as the ABA’s Tort Trial and Insurance Practice Section, and for preeminent industry publications like Best’s Review. Members of our firm have also been retained as expert witnesses in the field of surety litigation.
Representative Matters:
Representation of surety on $2.7 million performance bond in connection with the construction of a co-generation facility together with claim for $3 million in extra contractual damages.
Defense of the longest construction arbitration in the history of the Western United States, with 242 days of testimony extending over a four year time period.
Defense of $2.2 million claim against our client’s payment bond arising from the construction of a federal courthouse.
Defense of performance and payment bonds issued for an environmental contractor concerning the dismantlement of large lead standpipes.
Defense of a $23 million claim against our client’s financial guarantee bond relating to forward trading contracts for the delivery of electric power.