Connecticut Town Unable to Collect on Bond; Issuer has Cease-and-Desist History

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The battle with Julian Development and its handling of the town’s partially contaminated fill pile has found its way to court.

The town has filed suit in state Superior Court in Bridgeport against Julian, seeking up to $3 million in payment over the fill pile on One Rod Highway.

Claiming a breach of contract, the town has filed a request for a prejudgment remedy to secure the $3 million. A hearing is slated for May 15.

 

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