I can’t say this is unexpected. UTOPIA has filed a lawsuit against RUS for failing to live up to their contractual obligations under the loan taken out several years ago. The delay in reimbursement caused a lot of strain on UTOPIA vendors, delayed network deployment, and left UTOPIA on the hook for millions of dollars in authorized but unreimbursed expenditures. I’m still waiting for a copy of the court filing so I can see their specific claims, but I would bet that they’ve got a pretty solid case and are asking for a pretty hefty amount in punitive and actual damages.

Tags: actual damages, contractual obligations, court, expenditures, filing, hook, network deployment, reimbursement, strain, UTOPIA

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