Post Time:Sep 26,2012Classify:Industry NewsView:172
A bankruptcy judge approved a motion allowing American Architectural Inc. to reject its subcontract with Skanska USA for glazing work at the World Trade Center PATH Hall Project, according to a Sept. 18 decision. Skanska subcontracted AAI to provide ornamental glass railings, select storefronts, balanced doors, smoke baffles and other miscellaneous interior glazing products at the PATH Hall—a contract amount of more than $6.2 million, according to court documents.
As part of the subcontract rejection, AAI was ordered to deliver all materials and drawings, and to assign any and all sub-contracts and purchase orders for the project, as directed by Skanska. By Oct. 15, the two parties will resolve the amounts owed AAI under the PATH project subcontract, according to court documents.
American Architectural Inc. of Bensalem, Pa., filed for voluntary Chapter 11 bankruptcy, June 15, in the United States Bankruptcy Court Eastern District of Pennsylvania.
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