Fed. Circ. Sinks Drilling Cos.' $684M Claims Against DOI

Law360, New York (March 14, 2014, 3:50 PM EDT) -- The Federal Circuit on Friday upheld a previous court's decision in a $684 million suit launched against the U.S. government by two drilling companies, saying the Department of the Interior did not breach its lease.

The two oil and gas exploration companies — Century Exploration New Orleans LLC and Champion Exploration LLC — had alleged that changes the DOI had made to an offshore drilling agreement had breached express terms of their lease. Additionally, the companies said that while their agreement was subject to post-lease regulation...
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