Sunday, April 19, 2009

Wharf War: Developer, contractor battle for millions - al.com

Wharf War: Developer, contractor battle for millions - al.com: "Birmingham-based AIG Baker and the general contractor it hired to build the Levin's Bend tower at The Wharf in Orange Beach have become embroiled in a multimillion-dollar battle in which the developer claims that blown deadlines and shoddy work by Ray Bell Construction Co. Inc. 'jeopardized the success and viability' of the project.

AIG Baker originally sued Tennessee-based Ray Bell Construction in Shelby County Circuit Court in February, but the case was moved this month to Birmingham's federal court.

The developer seeks $49 million in compensatory damages — which it ties to lost condominium sales and the cost of defending itself against buyers who fought their way out of purchase contracts — as well as $147 million in punitive damages."