Opinion
Civil Action No. 01-698, Re: Doc. No. 104, 106, 126.
March 31, 2006
ORDER
For the reasons set forth in the Opinion filed this date;
IT IS HEREBY ORDERED that Plaintiff's Motion for Summary Judgment is granted as to all Counts of Defendants' Counterclaim (Counts I through IV), and as to Count II of the Complaint filed at 01-698, to the extent that its motion is seeking a judicial declaration that it is entitled to a reduction in the penal amount of the bond.
IT IS FURTHER ORDERED that Defendants' Motion for Partial Summary Judgment is granted as to the following counts in the Complaint filed at 01-698: Count II, in that USFG's entitlement to a reduction in the penal amount of the bond is subject to later adjustments to that amount if it receives reimbursement for any of the $8,456,179 it contributed under the IFA; the portion of Count IV that alleges that DBM did not provide proper notice of default to USFG; the portion of Count IV that alleges that DBM does not have a proper claim under the Performance Bond; Count I; and Count III.
IT IS FURTHER ORDERED that Defendants' Motion for Partial Summary Judgment is granted as to Count V of the Complaint filed at 01-1638.
IT IS FURTHER ORDERED that Defendants' Motion for Partial Summary Judgment is denied as to Plaintiff's claim in Count II of the Complaint filed at 01-698 for reimbursement of $8,456,179 that USFG advanced to DBM under the IFA.
IT IS FURTHER ORDERED that Defendants' Motion for Partial Summary Judgment is denied as to Counts I, II, III and IV of the Complaint filed at 01-1638.
IT IS FURTHER ORDERED that Defendants' Motion to Add Steadfast as a Counter-Plaintiff under Rule 21 or, in the Alternative, for Acceptance of Steadfast's Ratification Agreement, or its Joinder under Rule 17(a), is denied.