New Law Could Cost Furniture Group Millions, Suit Says

Law360, New York (December 8, 2010, 3:02 PM EST) -- A domestic trade group has alleged that a bill President Barack Obama signed into law Wednesday could cost U.S. furniture makers millions of dollars if the U.S. Department of Commerce doesn't liquidate the full value of entries of Chinese wooden bedroom furniture already on U.S. soil.

The American Furniture Manufacturers Committee for Legal Trade seeks an order forcing the agency to direct U.S. Customs and Border Protection to liquidate entries dated on or before Sept. 30, 2007, that are unliquidated and not in litigation, according to...
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