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Old 04-07-2009, 09:29 AM
Surety Insider Surety Insider is offline
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Default "Relief spreads over AIG landfill cleanup promise"

Read it here.

EnCap was declared in default on the project last May, setting off a Chapter 11 bankruptcy court reorganization effort that was unsuccessful. AIG officials had resisted paying, claiming that amendments to the developer’s agreement voided the bond.
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