On December 8, 2022, Lex Machina hosted a webcast on the recently released Surety Bond Litigation Report 2022. The webcast featured John Fouhy (Senior Surety Counsel at Travelers Insurance), Kristal Mendoza-Bautista (Lex Machina’s Legal Data Expert in Surety Bond Litigation), and Aria Nejad (Lex Machina’s in-house counsel).
During the webcast, panelists discussed the latest trends in surety bond litigation over the last five years and offered insights on case filings, most active venues, judges, law firms, parties, timing metrics, case resolutions, findings, damages, and more. The webcast included a look at case filing trends in connection with cases involving claims under the Miller Act.
“Damages information is pretty helpful,” John Fouhy observed. “. . . seeing what potential trends there are, especially in attorney’s fees, can help us assess [whether] we want to take a case further and if it’s going to trial or what the potential settlement values are . . . [taking] those attorney’s fees into account, both our own fees as well as what we may be responsible for in the case of an adverse outcome. So, definitely interesting to see how those numbers fit in the overall damages award.”
“Our clients find timing and case resolutions very useful when it comes to advising their clients and crafting litigation strategies, while our information and data about the most active law firms and parties are instrumental in competing for a new business,” Kristal Mendoza-Bautista added. “. . . One of the features we have [is allowing you to] filter some of this data with regard to [different] classifications.”