Sheehy, Serpe & Ware successfully represented a Houston based oil and gas engineering and construction company in a suit to recover over $1 million in a breach of contract action. The case arose out of undersea pipeline inspection services performed by the engineering company in the Gulf of Mexico under contracts with a Mexican company. When the Mexican company failed to pay a significant portion of the invoices for the work, arbitration proceedings were initiated on behalf of the company by another law firm. Unfortunately, the arbitration panel dismissed the proceedings on the grounds that the named plaintiffs were not the corporate entities that owned the right to bring suit under the contracts. At the time of dismissal, the statute of limitations had run on most of the contract claims.
The case was transferred by the company to Sheehy, Serpe & Ware following dismissal by the arbitration panel. Our attorneys determined that a breach of contract action could still be brought against the bonding company within the statute of limitations in the State of Maryland, where the bonding company was headquartered. Suit was filed in Maryland federal court against the bonding company, and, because of these efforts, the Firm ultimately negotiated a settlement for the full amount of the guaranty bonds, plus all recoverable costs. Sheehy, Serpe & Ware shareholder, Randall Jones, headed the legal team for this engineering and construction client.