The Tennessee Court of Appeals recently issued an opinion extending application of the economic loss doctrine to certain construction claims. Among other things, the economic loss doctrine prevents a party from recovering on...more
5/25/2022
/ Appeals ,
Breach of Contract ,
Construction Contracts ,
Construction Disputes ,
Construction Industry ,
Construction Litigation ,
Construction Project ,
Damages ,
Economic Loss Doctrine ,
Tennessee ,
TN Supreme Court
On June 30, the Supreme Court of Tennessee issued an opinion interpreting the retainage provisions in Tennessee’s Prompt Pay Act (the Act). The opinion has significant implications for construction projects across Tennessee....more
7/30/2021
/ Civil Monetary Penalty ,
Construction Industry ,
Construction Project ,
Contractors ,
Escrow Accounts ,
Prompt Payment ,
Retainage ,
Statutory Penalties ,
Subcontractors ,
Third-Party ,
TN Supreme Court