From Deseret News archives:
Big Dig contractor files for bankruptcy
Modern Continental Co. made a Chapter 11 filing in federal bankruptcy court in Boston, alleging the state of Massachusetts had failed to pay it for construction work work for which the state says it was overbilled. The firm has been paid more than $3 billion for Big Dig work, according to state records reviewed by The Associated Press.
The bankruptcy petition lists debts of $500 million to $1 billion owed to more than 200 creditors, and assets of $100 million to $500 million.
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