SATCO v Professional Application Services, Inc.
TWO AVENUES OF RECOVERY – A PAYMENT BOND SURETY
AND RELEASE OF LIEN BOND SURETY
By: Andrew Vicknair
Today, the Louisiana First Circuit Court of Appeal ruled that a claimant, such as a sub-subcontractor, has the right to assert claims against both a payment bond surety and a release of lien bond surety in connection with unpaid claims on a public Project. The ruling was issued in SATCO, Inc. v Professional Application Services, Inc. and Suretec Insurance Company, 2023-0012 (La. App. 1st Cir. 10/19/23) —So.3d —.