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PROCESS & STORAGE VESSELS, INC. v. TANK SERVICE

Civ. A. No. 81-467.

541 F.Supp. 725 (1982)

PROCESS AND STORAGE VESSELS, INC., a Delaware corporation, Plaintiff, v. TANK SERVICE, INC., an Oklahoma corporation, and Aetna Casualty and Surety Company, a Connecticut corporation, Defendants.

United States District Court, D. Delaware.

June 23, 1982.

Attorney(s) appearing for the Case

William J. Cattie of Heckler & Cattie and John C. Phillips, Jr., Wilmington, Del., for plaintiff.

David A. Drexler and Donald E. Reid of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., for defendants.

LATCHUM, Chief Judge.

This contractual dispute centers on the terms of a payment bond executed by defendant, Aetna Casualty and Surety Company ("Aetna"), as surety for defendant, Tank Service, Inc. ("Tank"), in connection with the construction of two sewage treatment tanks in Genesee County, New York. Plaintiff, Process and Storage Vessels, Inc. ("Process"), claims to have completed certain subcontract work for Tank, for which

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