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NEWARK INSURANCE COMPANY v. UNITED STATES

No. 515-56.

169 F.Supp. 955 (1959)

NEWARK INSURANCE COMPANY, a Body Corporate v. UNITED STATES.

United States Court of Claims.

January 14, 1959.

Attorney(s) appearing for the Case

William F. Kelly and Geoffrey Creyke, Jr., Washington, D. C., for plaintiff and third party defendant, Pioneer Bank & Trust Co., respectively. Hudson, Creyke, Lipscomb & Gray, Washington, D. C., Richard H. Nicolaides and W. V. T. Justis, Herndon, Va., and Nathaniel E. Wheeler and Hans W. E. Seltmann, New York City, on the briefs.

Kathryn H. Baldwin, Washington, D. C., and Asst. Atty. Gen., George Cochran Doub, for defendant.

MADDEN, Judge.

The plaintiff was a surety on performance and payment bonds executed by the Gray Construction Company in connection with contracts to perform construction work for the Government. The contractor, Gray, assigned to Pioneer Bank and Trust Company the amounts due or to become due to it under its contract with the Government. This assignment was authorized by the Assignment of Claims Act of 1940, as amended...

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