Millenium Lumber, Insurer Must Pay $1.8M In Export Suit

Law360, New York (January 3, 2013, 5:36 PM EST) -- The U.S. Court of International Trade on Wednesday ordered Millenium Lumber Distribution Co. Ltd. and XL Specialty Insurance Co. to pay $1.8 million to the government, finding the companies breached the terms of customs bonds used to secure shipments of lumber from Canada.

Judge Delissa A. Ridgway granted the government’s motion for summary judgment and denied similar moves by Millenium and XL, ruling that the timber importer’s shipments were subject to the U.S.-Canada Softwood Lumber Agreement and that the company failed to obtain the necessary export...
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