Slice Of $500M USTR Deal Eludes Lumber Cos. In Fed. Circ.

Law360, New York (July 1, 2013, 3:48 PM EDT) -- A group of American lumber companies on Monday lost a bid to revive a lawsuit claiming U.S. trade negotiators unfairly cut them out of $500 million in proceeds from a cross-border dispute settlement agreement with Canada.

The Federal Circuit affirmed a ruling issued in April 2012 by the U.S. Court of International Trade that said the U.S. Trade Representative didn't violate the law by crafting the Softwood Lumber Agreement of 2006 to exclude certain lumber companies from payouts.

The 2006 bargain resolved years of disputes between...
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