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January 19, 2005
Bankrupt contractor sues Shreveport
Jury selection is under way in Shreveport on a breach of contract claim by a contractor who says its bankruptcy was due to the city of Shreveport's failure to pay what it is owed. At issue is Whitaker Construction’s claim for $5 million in damages from the city as a result of the $33 million Independence Stadium upgrade project (left). Independence Stadium is home of college football's Independence Bowl.
Whitaker had been Louisiana’s third-biggest contractor until the city’s failure to pay drove it into bankruptcy. Its financial problems caused it to give up a considerable amount of business, including the city’s $71 million convention center project, and the company’s president was even jailed under an odd Louisiana law that provides that contractors who don’t pay subs can be jailed for five years.
January 19, 2005 in In the News | Permalink
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