Demonstrating how only a couple of poor projects can sink a sub-stantial firm, a unit of surety St. Paul Travelers has taken over the projects of general contractor Mauldin-Dorfmeier Construction Inc. and the firm has filed for bankruptcy. Disputes on two big public works projects—an airport terminal and student housing at the University of California at Merced—cut off the contractor's cash flow, says Peter N. Zeitler, firm attorney. Mauldin-Dorfmeier is involved in lawsuits with owners over both projects and St. Paul has brought in other contractors to finish the projects. Dozens of trade creditors remain unpaid. Executives "couldn't get their surety or creditors to work with them," Zeitler claims. The Fresno, Calif.-based contractor filed for bankruptcy Feb. 28 in federal court there.
展开▼
机译：为了证明只有几个不良项目才能使一家大型公司陷入困境，担保部门St. Paul Travellers接管了总承包商Mauldin-Dorfmeier Construction Inc.的项目，该公司已申请破产。坚定的律师彼得·齐特勒说，关于两个大型公共工程项目的争议（机场航站楼和默塞德加州大学的学生住房）切断了承包商的现金流。 Mauldin-Dorfmeier参与了与这两个项目的业主提起的诉讼，而St. Paul雇用了其他承包商来完成这些项目。数十个贸易债权人仍未得到付款。 Zeitler声称，高管“无法让他们的担保人或债权人与他们合作”。这家总部位于加州弗雷斯诺的承包商于2月28日在当地联邦法院申请破产。
展开▼
