Fedco Construction v. International Fidelity Ins.
In these consolidated actions, Fedco Construction, Inc. (Fedco) sought to recover damages for breach of contract from two entities developing three subdivisions, their owners, Daniel Morgan and James Clifford, and from the developers’ surety, International Fidelity Insurance Company (IFIC), on payment bonds. During a jury trial, the trial court granted the individual defendants’ motion for directed verdict and, after deeming alter ego issues moot, entered judgment in their favor. However, the jury found the developers failed to pay Fedco balances due under the construction contracts, and that IFIC owed Fedco the total amount of $15,657.85. Judgment was entered accordingly.
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