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NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

LIENS - Payment of monies into court - Effect of posting security

Wednesday, June 06, 2018 @ 8:25 AM  

Appeal by the plaintiff from an order reducing the amount of security paid into court to secure the appellant’s builders lien claim from $1,136,593 to $550,000. The underlying dispute concerned the value of work done for the construction of a mixed-use residential tower by the appellant prior to its termination by the respondent developer. The appellant’s claim included components for base contract work, extra work and changes, and interference by the developer. The developer applied to have the lien discharged or reduced. The developer took the...