Duane Morris partner Benton Wheatley is featured in the ABA Construction Law podcast episode” Private Equity in Construction.” Ben explores the issues raised and opportunities presented by the infusion of private equity money in the construction industry and resulting issues in the field of construction law.
How We Won a $7.9 Million Arbitration Award: Construction Litigator Talks Shop
A real estate investor in an independent living facility in Texas has won a $7.9 million arbitration award against a construction company that delivered a project 179 days late.
The case should serve as a warning bell for integrated developer-owner-contractor companies that set up a “special purpose entity” for their development projects, said Benton Wheatley, partner in Duane Morris in Austin, who represented plaintiff Montgomery Street Partners.
To read the full text of this article, originally published in Texas Lawyer, please visit the firm website.