Seventh Circuit holds pay-if-paid provisions are not void under Indiana public policy

On May 11, 2012, the U.S. Court of Appeals for the Seventh Circuit issued a decision in BMD Contractors, Inc. v. Fidelity and Deposit Company of Maryland (No. 11-1345), affirming a lower court summary judgment in favor of a surety on a payment bond.

Filed under:
USA, Construction, Insolvency & Restructuring, Litigation, Barnes & Thornburg LLP, Subcontractor, Seventh Circuit
Authors:
Timothy J. Abeska , Scott R. Murphy , Clifford J. Shapiro
Location:
USA
Firm:
Barnes & Thornburg LLP