US Wants Interest From Surety In Fed. Circ. Bond Fight
By Brian Mahoney
Law360, Washington (October 9, 2013, 7:24 PM ET) -- The U.S. government asked the Federal Circuit on Wednesday to demand that Great American Insurance Co. pay special interest on a $6 million Court of International Trade judgment, saying the lower court abused its discretion in ruling that the government’s request had come too late.
U.S. Department of Justice attorney Jeanne Davidson told a three-judge panel that Great American owed the government so-called Section 580 interest and equitable interest on the judgment arising from a dispute over the payment of bonds secured by a crawfish tail...