TRAVELERS INDEM. v. SARKISIAN


139 A.D.2d 27 (1988)

Travelers Indemnity Company, Appellant, v. George Sarkisian et al., Respondents

Appellate Division of the Supreme Court of the State of New York, Third Department.

July 7, 1988


Attorney(s) appearing for the Case

Couch & Howard, P. C. (Leslie F. Couch of counsel), and Friedman, Wang & Bleiberg (Neal Brickman of counsel), for appellant.

O'Connor, Gacioch & Pope (Alan J. Pope of counsel), for respondents.

KANE, J. P., MIKOLL, YESAWICH, JR., and HARVEY, JJ., concur.


MERCURE, J.

Plaintiff was the surety on certain payment and performance bonds issued on behalf of Midstate Constructors, Inc. (hereinafter Midstate), a Texas corporation that performed construction work in the southwest, particularly in Texas. Midstate defaulted on obligations to owners and contractors and has since been adjudicated bankrupt. The Texas courts rendered three judgments against Midstate totaling...

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