Fed. Circ. Axes US Bid For Interest In $6M Bond Row

Law360, New York (January 3, 2014, 4:03 PM EST) -- The Federal Circuit has denied a bid from the U.S. government to collect prejudgment interest on a ruling from U.S. Court of International Trade ordering Great American Insurance Co. to pay $6 million for bonds it issued to secure anti-dumping duties on crawfish meat imported from China.

In a unanimous 29-page ruling issued Dec. 27, the three-judge panel ruled that the CIT had not exceeded its authority when it denied an attempt by the government to modify the court’s August 2011 ruling that held Great American...
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