Insurer Says Bank Must Pay Its $1.1M Drawdown Request

By Ganesh Setty (July 22, 2024, 7:05 PM EDT) -- A surety for an oil and gas operator that has recently sought Chapter 11 protection told a Washington federal court that a bank has repeatedly failed to hold up its end of an "irrevocable letter of credit," alleging the bank owes it over $1.1 million....

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