Biomed Co. Loses Bid To Appeal Nixed Air Force Contract

Law360, New York (July 12, 2011, 2:11 PM EDT) -- In a decision released Tuesday, the Armed Services Board of Contract Appeals denied the CME Group Inc.’s appeal of the termination for convenience of a research contract, saying the biomedical company must first file a settlement claim with the U.S. Air Force.

In the ruling, issued June 23, Administrative Judge Craig Clarke found that CME could not appeal the termination of its research contract by the Air Force because the company didn't file a termination settlement claim first. He brushed aside CME's argument that its appeal...
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