Apr 7, 2008
EID and Traylor Brothers Reach Settlement | PLACERVILLE . INFO
El Dorado Irrigation District today announced that it has settled a dispute with Traylor Brothers, Inc.
Traylor Brothers, Inc. over construction of the District’s Mill-to-Bull tunnel. EID will pay Traylor Brothers an amount that is in line with the unpaid balance of the disputed contract. And the parties will drop all legal actions against each other.
“This is not the outcome we were seeking,” said EID Board Vice President George Wheeldon. “But we don’t believe that several more years of litigation are in the best interests of the District and our customers. Appeals courts seldom overturn jury verdicts, especially after a lengthy trial, and it would likely be two more years of lawyer fees before we find out. Then, if we won the appeal, we would almost certainly have to re-try the case to recover any damages. And if we lost, our liability could be as much as $16 million.”
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